Vermilion Energy (TSE:VET) Shares Down 13.1% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price was down 13.1% on Thursday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.07. Approximately 1,189,197 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 769,693 shares. The stock had previously closed at C$9.29.

A number of other research firms have also commented on VET. Desjardins downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Royal Bank of Canada cut their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, December 30th. BMO Capital Markets lowered their target price on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Finally, TD Securities cut their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Down 13.3 %

The firm has a market capitalization of C$1.25 billion, a P/E ratio of -1.51, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The stock has a fifty day moving average of C$11.62 and a 200 day moving average of C$13.02. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.46%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio is -9.03%.

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.