Vermilion Energy (TSE:VET) Trading Down 13.8% Following Analyst Downgrade

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) were down 13.8% during mid-day trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. Approximately 1,567,002 shares were traded during trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

A number of other research firms have also issued reports on VET. Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Royal Bank of Canada reduced their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Monday, December 30th. ATB Capital lowered their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, TD Securities lowered their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Up 5.4 %

The stock’s fifty day moving average price is C$11.42 and its 200 day moving average price is C$12.95. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The stock has a market cap of C$1.31 billion, a P/E ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s dividend payout ratio is currently -9.03%.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.