Vermilion Energy (TSE:VET) Rating Increased to Buy at TD

TD upgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a hold rating to a buy rating in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has C$18.00 price target on the stock.

A number of other research analysts also recently commented on the stock. National Bank Financial dropped their price objective on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Desjardins set a C$16.00 target price on shares of Vermilion Energy and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. Three 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.com, Vermilion Energy currently has a consensus rating of “Hold” and an average price target of C$19.12.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$15.53 on Wednesday. The company has a market cap of C$2.38 billion, a P/E ratio of -2.93, a P/E/G ratio of -0.02 and a beta of 0.23. The business has a fifty day simple moving average of C$14.88 and a 200-day simple moving average of C$15.21. Vermilion Energy has a 52 week low of C$9.71 and a 52 week high of C$20.31. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%.The business had revenue of C$519.12 million for the quarter. Equities research analysts forecast that Vermilion Energy will post 1.3956262 EPS for the current year.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.135 per share. The ex-dividend date was Monday, June 15th. This represents a $0.54 annualized dividend and a yield of 3.5%. Vermilion Energy’s dividend payout ratio is currently -9.91%.

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.