Vermilion Energy (TSE:VET) Hits New 12-Month Low After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) hit a new 52-week low on Monday after ATB Capital lowered their price target on the stock from C$20.00 to C$17.50. ATB Capital currently has an outperform rating on the stock. Vermilion Energy traded as low as C$11.84 and last traded at C$12.56, with a volume of 1650660 shares trading hands. The stock had previously closed at C$12.73.

VET has been the subject of a number of other reports. TD Securities lowered their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. 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. BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. Canaccord Genuity Group cut their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada cut their price target on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.86.

Vermilion Energy Trading Up 2.8 %

The firm has a 50 day moving average price of C$13.63 and a two-hundred day moving average price of C$14.02. The firm has a market capitalization of C$2.05 billion, a P/E ratio of -2.57, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results 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). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. On average, equities research analysts expect that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.39%.

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.