Vermilion Energy (TSE:VET) Rating Reiterated by Bank of America

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Bank of America reiterated their buy rating on shares of Vermilion Energy (TSE:VET) (NYSE:VET) in a research report report published on Tuesday, September 18th. Bank of America currently has a C$54.00 price target on the stock.

VET has been the topic of a number of other reports. CIBC lifted their price objective on shares of Vermilion Energy from C$55.00 to C$60.00 in a research note on Friday, July 20th. JPMorgan Chase & Co. lifted their price objective on shares of Vermilion Energy from C$49.00 to C$63.00 in a research note on Saturday, July 14th. CSFB upgraded shares of Vermilion Energy from a neutral rating to an outperform rating and lifted their price objective for the company from C$52.00 to C$65.00 in a research note on Wednesday, July 11th. GMP Securities lifted their price objective on shares of Vermilion Energy from C$54.00 to C$57.00 in a research note on Tuesday, May 29th. Finally, National Bank Financial lifted their target price on Vermilion Energy from C$51.00 to C$62.00 and gave the stock a c$47.48 rating in a report on Wednesday, July 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$57.46.

Shares of TSE VET traded up C$0.51 during midday trading on Tuesday, reaching C$40.41. 765,400 shares of the company traded hands, compared to its average volume of 609,890. Vermilion Energy has a 52 week low of C$39.41 and a 52 week high of C$50.46.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Monday, July 30th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.10. Vermilion Energy had a net margin of 2.94% and a return on equity of 2.23%. The business had revenue of C$394.50 million for the quarter, compared to analysts’ expectations of C$359.75 million.

The business also recently declared a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.76 dividend on an annualized basis and a yield of 6.83%.

In other Vermilion Energy news, Director Robert B. Michaleski acquired 2,370 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was purchased at an average cost of C$45.58 per share, for a total transaction of C$108,024.60. Also, Director Catherine L. Williams acquired 1,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were acquired at an average price of C$41.00 per share, with a total value of C$41,000.00. Insiders purchased a total of 8,370 shares of company stock worth $309,925 in the last three months.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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