Vermilion Energy (TSE:VET) Cut to Hold at TD Securities

TD Securities downgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm currently has C$16.00 price objective on the stock, up from their previous price objective of C$14.00.

A number of other brokerages also recently weighed in on VET. National Bank Financial boosted their price target on Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. BMO Capital Markets raised their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, December 11th. Scotiabank lifted their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. ATB Cormark Capital Markets boosted their target price on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 11th. Finally, Desjardins increased their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$14.61.

Vermilion Energy Stock Performance

Shares of VET stock opened at C$15.38 on Thursday. The stock has a market cap of C$2.36 billion, a P/E ratio of -10.12, a P/E/G ratio of -0.02 and a beta of 1.12. The company has a fifty day moving average price of C$13.18 and a two-hundred day moving average price of C$11.91. Vermilion Energy has a one year low of C$7.29 and a one year high of C$16.39. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.84 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be given a $0.135 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.5%. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.55%.

Insider Activity at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average cost of C$11.56 per share, for a total transaction of C$57,800.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$578,000. The trade was 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.