Vermilion Energy (TSE:VET) Shares Down 13% – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares dropped 13% during mid-day trading on Wednesday. The company traded as low as C$14.92 and last traded at C$15.09. Approximately 1,546,983 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 1,210,319 shares. The stock had previously closed at C$17.35.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VET. TD upped their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, July 31st. BMO Capital Markets increased their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, National Bank Financial upped their price objective on Vermilion Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Vermilion Energy has an average rating of “Moderate Buy” and an average target price of C$19.88.

Vermilion Energy Trading Down 14.3%

The firm has a market capitalization of C$2.27 billion, a P/E ratio of -5.13, a price-to-earnings-growth ratio of -0.02 and a beta of 0.49. The stock’s 50-day simple moving average is C$17.70 and its two-hundred day simple moving average is C$16.12. The company has a debt-to-equity ratio of 62.68, a current ratio of 1.00 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C($0.23) EPS for the quarter. The firm had revenue of C$609.29 million for the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. Equities research analysts expect that Vermilion Energy Inc. will post 1.40 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.1350 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 annualized dividend and a yield of 3.6%. Vermilion Energy’s dividend payout ratio is currently -18.28%.

About Vermilion Energy

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion’s priorities are health and safety, the environment, and profitability, in that order.