Canaccord Genuity Group Raises Vermilion Energy (TSE:VET) Price Target to C$20.50

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective hoisted by Canaccord Genuity Group from C$20.00 to C$20.50 in a report published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

VET has been the topic of a number of other research reports. TD Securities upgraded Vermilion Energy from a hold rating to a buy rating and increased their target price for the company from C$18.00 to C$20.00 in a report on Wednesday, March 27th. CIBC lowered their target price on Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating on the stock in a report on Tuesday, January 16th. Raymond James reduced their price target on Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating on the stock in a research note on Friday, January 19th. Desjardins reduced their price target on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a research note on Friday, March 22nd. Finally, ATB Capital reduced their price target on Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, January 18th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Vermilion Energy currently has a consensus rating of Moderate Buy and a consensus target price of C$21.63.

Vermilion Energy Stock Performance

VET opened at C$16.29 on Wednesday. The stock’s 50 day simple moving average is C$15.78 and its 200 day simple moving average is C$16.57. The stock has a market cap of C$2.64 billion, a P/E ratio of -11.23, a P/E/G 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 1-year low of C$13.30 and a 1-year high of C$21.60.

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, beating analysts’ consensus estimates of C$0.71 by C$0.59. The firm had revenue of C$522.97 million for the quarter, compared to analysts’ expectations of C$593.34 million. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. As a group, equities analysts anticipate that Vermilion Energy will post 1.8666667 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.95%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.10%.

Insider Activity at Vermilion Energy

In other news, Director Robert B. Michaleski bought 10,000 shares of Vermilion Energy stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price 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 dated Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. Also, Director Robert B. Michaleski acquired 10,000 shares of Vermilion Energy stock in a transaction on Monday, March 11th. The shares were bought at an average price of C$14.94 per share, for a total transaction of C$149,400.00. 0.15% of the stock is owned by 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.