Vermilion Energy (TSE:VET) Price Target Raised to C$15.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective hoisted by Royal Bank Of Canada from C$14.00 to C$15.00 in a research note released on Thursday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the company. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating and raised their target price for the company from C$14.00 to C$16.00 in a research note on Thursday. Desjardins increased their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. National Bank Financial lifted their price target on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. ATB Cormark Capital Markets upped their price objective on shares of 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, Scotiabank raised their price objective 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. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Vermilion Energy presently has a consensus rating of “Hold” and an average price target of C$14.61.

Vermilion Energy Trading Down 0.8%

VET opened at C$15.38 on Thursday. 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 1-year low of C$7.29 and a 1-year high of C$16.39. The company has a market cap of C$2.36 billion, a P/E ratio of -10.12, a price-to-earnings-growth ratio of -0.02 and a beta of 1.12. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60.

Vermilion Energy Increases Dividend

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

Insider Activity at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$578,000. This trade represents a 11.11% increase in their ownership of the stock. 0.16% of the stock is currently owned by corporate insiders.

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.