Vermilion Energy (TSE:VET) Sets New 12-Month High After Analyst Upgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) hit a new 52-week high on Wednesday after National Bankshares raised their price target on the stock from C$14.50 to C$18.50. National Bankshares currently has an outperform rating on the stock. Vermilion Energy traded as high as C$14.00 and last traded at C$13.93, with a volume of 2046959 shares traded. The stock had previously closed at C$13.65.

Several other equities analysts have also commented on the stock. TD Securities upped their price target on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. BMO Capital Markets boosted their target price on shares of 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. Desjardins upped their target price on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Scotiabank raised their price target on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, ATB Capital boosted their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$14.50.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were bought at an average cost of C$11.56 per share, for a total transaction of C$57,800.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at C$578,000. This represents a 11.11% increase in their ownership of the stock. Company insiders own 0.16% of the company’s stock.

Vermilion Energy Price Performance

The business has a 50-day simple moving average of C$12.08 and a two-hundred day simple moving average of C$11.35. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -9.16, a P/E/G ratio of -0.02 and a beta of 1.24.

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

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.7%. Vermilion Energy’s payout ratio is -33.55%.

About Vermilion Energy

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.