Vermilion Energy (TSE:VET) Price Target Cut to C$16.00 by Analysts at Royal Bank of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by Royal Bank of Canada from C$17.00 to C$16.00 in a research report released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. TD Securities decreased their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price target on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. National Bankshares raised their price objective on Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, ATB Capital decreased 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$18.77.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$13.00 on Monday. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of -2.54, a PEG ratio of -0.02 and a beta of 2.60. The business has a 50 day moving average price of C$13.60 and a 200 day moving average price of C$13.94. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. Vermilion Energy has a twelve month low of C$11.84 and a twelve month high of C$17.56.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The business had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. Research analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.69%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is -9.39%.

Insider Buying and Selling at Vermilion Energy

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$12.92 per share, with a total value of C$64,600.00. Company insiders own 0.16% of the company’s stock.

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.