Vermilion Energy (TSE:VET) Lowered to Hold Rating by TD Securities

TD Securities lowered shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a buy rating to a hold rating in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has C$16.00 target price on the stock, up from their previous target price of C$14.00.

Other analysts have also recently issued reports about the company. ATB Cormark Capital Markets boosted their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 11th. BMO Capital Markets boosted their price target on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research note on Thursday, December 11th. Scotiabank increased their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial raised their price objective on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Desjardins lifted their target price on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$14.61.

Vermilion Energy Stock Down 1.6%

TSE VET opened at C$15.51 on Thursday. The stock has a market capitalization of C$2.38 billion, a P/E ratio of -10.20, a price-to-earnings-growth ratio of -0.02 and a beta of 1.24. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$16.39. The company has a debt-to-equity ratio of 48.94, a quick ratio of 0.40 and a current ratio of 0.81. The stock has a fifty day moving average of C$13.10 and a 200-day moving average of C$11.85.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, December 15th. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.55%.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at C$578,000. This trade represents a 11.11% increase in their ownership of the stock. Corporate 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.