Vermilion Energy (TSE:VET) Price Target Raised to C$22.00 at Royal Bank Of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective upped by Royal Bank Of Canada from C$15.00 to C$22.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently issued reports on VET. TD Securities downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from C$14.00 to C$16.00 in a research note on Thursday, March 5th. BMO Capital Markets upped their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research note on Thursday, December 11th. National Bank Financial upped their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$16.00 to C$24.00 in a research note on Friday, March 27th. Finally, Scotiabank upped their target price on shares of 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. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$16.61.

Vermilion Energy Trading Down 7.4%

TSE:VET opened at C$18.03 on Wednesday. Vermilion Energy has a one year low of C$7.29 and a one year high of C$20.31. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.84 and a quick ratio of 0.40. The company’s 50-day simple moving average is C$15.90 and its 200 day simple moving average is C$13.11. The firm has a market capitalization of C$2.75 billion, a P/E ratio of -4.24, a PEG ratio of -0.02 and a beta of 0.30.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 3.0%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, March 13th. Vermilion Energy’s payout ratio is currently -12.24%.

Insider Buying and Selling

In related news, insider Gerard Schut sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the transaction, the insider owned 94,268 shares in the company, valued at C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. Also, insider Yvonne Jeffery sold 6,332 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the transaction, the insider owned 30,527 shares in the company, valued at approximately C$595,581.77. This trade represents a 17.18% decrease in their position. 0.16% of the stock is owned by corporate insiders.

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.