Vermilion Energy (TSE:VET) Given New C$20.50 Price Target at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price raised by Canaccord Genuity Group from C$20.00 to C$20.50 in a research report released on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on VET. ATB Capital decreased their price target on shares of Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating for the company in a report on Thursday, January 18th. TD Securities upgraded shares of Vermilion Energy from a hold rating to a buy rating and upped their price target for the company from C$18.00 to C$20.00 in a report on Wednesday, March 27th. Royal Bank of Canada upped their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Raymond James decreased their price target on shares of Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating for the company in a report on Friday, January 19th. Finally, Desjardins decreased their price target on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$21.63.

Vermilion Energy Trading Up 0.7 %

Shares of TSE:VET opened at C$16.29 on Wednesday. The stock has a market capitalization of C$2.64 billion, a PE ratio of -11.23, a P/E/G ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 1 year low of C$13.30 and a 1 year high of C$21.60. The firm has a fifty day moving average price of C$15.78 and a 200 day moving average price of C$16.57. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The firm had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. Analysts expect that Vermilion Energy will post 1.8666667 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.10%.

Insider Activity at Vermilion Energy

In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$16.10 per share, with a total value of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. 0.15% of the stock is owned by corporate 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.