Scotiabank Issues Positive Forecast for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target raised by Scotiabank from C$14.00 to C$15.00 in a report released on Tuesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other analysts have also recently weighed in on VET. ATB Capital upped their target price on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. TD Securities increased their target price on Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. National Bankshares cut their target price on Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research note on Thursday, December 11th. Finally, Desjardins increased their price objective on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$14.11.

Vermilion Energy Stock Performance

Shares of TSE VET opened at C$12.21 on Tuesday. The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of -8.03, a PEG ratio of -0.02 and a beta of 0.80. Vermilion Energy has a one year low of C$7.29 and a one year high of C$14.83. The business has a fifty day simple moving average of C$11.94 and a 200 day simple moving average of C$11.16. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$452.18 million for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. Sell-side analysts expect that Vermilion Energy will post 1.3956262 EPS for the current year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, December 15th. Vermilion Energy’s dividend payout ratio is presently -33.55%.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at C$578,000. This represents a 11.11% increase in their position. Company insiders own 0.16% of the company’s stock.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.