National Bankshares Lowers Vermilion Energy (TSE:VET) Price Target to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price cut by National Bankshares from C$23.00 to C$17.00 in a report released on Friday, BayStreet.CA reports.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group reduced their price objective on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a research report on Thursday, August 1st. BMO Capital Markets reduced their price objective on Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. Royal Bank of Canada lowered their target price on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. JPMorgan Chase & Co. reduced their price target on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Finally, Desjardins lowered their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 and set a buy rating for the company in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy has an average rating of Moderate Buy and an average price target of C$20.25.

Vermilion Energy Stock Performance

The company’s 50-day moving average price is C$13.50 and its two-hundred day moving average price is C$15.16. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. Vermilion Energy has a 12-month low of C$11.87 and a 12-month high of C$21.30. The firm has a market capitalization of C$2.06 billion, a PE ratio of -2.55, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The company had revenue of C$478.93 million for the quarter, compared to analyst estimates of C$514.63 million. As a group, sell-side analysts forecast that Vermilion Energy will post 1.3855165 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.48 annualized dividend and a yield of ∞. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average cost of C$13.54 per share, for a total transaction of C$67,700.00. Insiders own 0.16% of the company’s stock.

About Vermilion Energy

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.