Vermilion Energy (TSE:VET) Price Target Cut to C$18.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target lowered by JPMorgan Chase & Co. from C$21.00 to C$18.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts have also commented on VET. National Bankshares increased their price objective on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the company an outperform rating in a research report on Friday, April 19th. Stifel Nicolaus increased their price target on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Canaccord Genuity Group reduced their price objective on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a research note on Thursday, August 1st. BMO Capital Markets lowered their target price on shares of Vermilion Energy from C$21.00 to C$20.00 in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada lifted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$21.25.

Vermilion Energy Stock Performance

TSE:VET opened at C$13.61 on Wednesday. The stock’s 50 day simple moving average is C$14.94 and its two-hundred day simple moving average is C$15.49. Vermilion Energy has a 1 year low of C$12.82 and a 1 year high of C$21.60. The company has a debt-to-equity ratio of 32.96, a current ratio of 1.15 and a quick ratio of 0.40. The company has a market cap of C$2.18 billion, a price-to-earnings ratio of -3.60, a PEG ratio of -0.02 and a beta of 2.73.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, September 27th. Vermilion Energy’s dividend payout ratio is presently -12.70%.

Insider Activity at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of C$16.45 per share, with a total value of C$82,245.00. In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of C$16.45 per share, for a total transaction of C$82,245.00. Also, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$16.37, for a total value of C$491,100.00. 0.15% of the stock is owned by company 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.