Vermilion Energy (TSE:VET) Price Target Raised to C$21.00 at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective raised by Desjardins from C$20.00 to C$21.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on VET. TD Securities raised Vermilion Energy from a hold rating to a buy rating and increased their price target for the company from C$18.00 to C$20.00 in a research note on Wednesday, March 27th. Stifel Nicolaus increased their price target on Vermilion Energy from C$20.25 to C$22.00 and gave the company a buy rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating on the stock in a research note on Friday, March 8th. CIBC dropped their price objective on Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating on the stock in a research note on Tuesday, January 16th. Finally, Canaccord Genuity Group raised their price objective on Vermilion Energy from C$20.00 to C$20.50 and gave the stock a buy rating in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$21.54.

Vermilion Energy Stock Up 1.5 %

Shares of VET opened at C$16.45 on Tuesday. The company has a market capitalization of C$2.67 billion, a P/E ratio of -11.34, a PEG ratio of -0.02 and a beta of 2.71. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. Vermilion Energy has a one year low of C$13.30 and a one year high of C$21.60. The business’s 50 day simple moving average is C$15.94 and its 200-day simple moving average is C$16.52.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The business had revenue of C$522.97 million for the quarter, compared to the consensus estimate of C$593.34 million. As a group, sell-side analysts predict that Vermilion Energy will post 1.8666667 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 2.92%. Vermilion Energy’s dividend payout ratio (DPR) is -33.10%.

Insider Activity

In other Vermilion Energy news, Director Robert B. Michaleski purchased 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. In other Vermilion Energy news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total transaction of C$825,000.00. Also, Director Robert B. Michaleski bought 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. 0.15% of the stock is owned by company insiders.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.