TD Issues Positive Forecast for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price increased by TD from C$18.00 to C$19.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on VET. TD Securities raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. National Bank Financial cut their price target on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. BMO Capital Markets increased their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the company a “market perform” rating in a research report on Friday. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada raised their price objective on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$19.75.

Vermilion Energy Stock Performance

Shares of VET opened at C$16.68 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.40 and a debt-to-equity ratio of 62.68. The company has a market capitalization of C$2.55 billion, a price-to-earnings ratio of -5.75, a PEG ratio of -0.02 and a beta of 0.23. The stock has a 50 day moving average of C$14.62 and a 200 day moving average of C$15.40. Vermilion Energy has a 12 month low of C$9.71 and a 12 month high of C$20.31.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.86 EPS for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%.The business had revenue of C$563.07 million for the quarter. As a group, sell-side analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.135 per share. The ex-dividend date was Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 3.2%. Vermilion Energy’s dividend payout ratio is currently -18.28%.

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.