Vermilion Energy (TSE:VET) Stock Price Down 13.8% Following Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) was down 13.8% during mid-day trading 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$8.01. Approximately 1,567,002 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 776,431 shares. The stock had previously closed at C$9.29.

Several other equities research analysts also recently weighed in on VET. TD Securities decreased their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. BMO Capital Markets dropped their target price on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. National Bankshares increased their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada cut their price objective on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Monday, December 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Price Performance

The firm has a market cap of C$1.24 billion, a PE ratio of -1.51, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a 50 day moving average price of C$11.62 and a 200 day moving average price of C$13.02.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.13 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 6.49%. Vermilion Energy’s dividend payout ratio is -9.03%.

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.