Vermilion Energy (TSE:VET) Given New C$16.00 Price Target at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price raised by Desjardins from C$13.50 to C$16.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other analysts have also issued reports on VET. ATB Cormark Capital Markets upped their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 11th. Royal Bank Of Canada lifted their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Thursday, March 5th. National Bank Financial boosted their target price on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Scotiabank increased their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Finally, TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating and raised their price target for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$14.94.

Vermilion Energy Price Performance

VET stock opened at C$15.48 on Monday. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.40 and a current ratio of 0.84. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$16.39. The firm’s fifty day moving average is C$13.27 and its 200 day moving average is C$11.96. The firm has a market cap of C$2.38 billion, a P/E ratio of -10.18, a P/E/G ratio of -0.02 and a beta of 1.12.

Vermilion Energy Increases Dividend

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

Insider Activity

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were purchased at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at C$578,000. The trade was a 11.11% increase in their ownership of the stock. Insiders own 0.16% of the company’s stock.

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.