Vermilion Energy (TSE:VET) Shares Down 13.6% Following Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) fell 13.6% on Thursday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.03. 1,385,583 shares were traded during mid-day trading, an increase of 80% from the average session volume of 771,501 shares. The stock had previously closed at C$9.29.

Several other brokerages have also recently issued reports on VET. TD Securities decreased their price objective 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. National Bankshares boosted their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Royal Bank of Canada cut their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, December 30th. ATB Capital reduced their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. Finally, BMO Capital Markets reduced their price target on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$16.75.

Vermilion Energy Price Performance

The stock has a 50 day moving average price of C$11.62 and a two-hundred day moving average price of C$13.02. 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 quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.13 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s payout ratio is presently -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.