Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lowered by CIBC from C$50.00 to C$35.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.
Several other research analysts also recently commented on the stock. BMO Capital Markets reaffirmed a hold rating and issued a $9.50 price objective on shares of Vicon Industries in a report on Friday, June 14th. Eight Capital reiterated a buy rating and issued a C$42.00 target price on shares of Vermilion Energy in a research note on Monday, June 10th. JPMorgan Chase & Co. increased their target price on shares of Vermilion Energy from C$42.00 to C$43.00 in a research note on Monday, May 13th. CSFB reiterated a neutral rating and issued a C$32.00 target price on shares of Vermilion Energy in a research note on Tuesday, July 16th. Finally, TD Securities increased their target price on shares of Waste Connections from $88.00 to $94.00 and gave the stock a hold rating in a research note on Friday, April 26th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Vermilion Energy presently has a consensus rating of Buy and an average target price of C$38.75.
VET opened at C$26.08 on Thursday. The business has a 50 day simple moving average of C$28.08. The company has a market cap of $4.03 billion and a P/E ratio of 13.61. Vermilion Energy has a 12 month low of C$25.70 and a 12 month high of C$47.98. The company has a debt-to-equity ratio of 72.05, a quick ratio of 0.56 and a current ratio of 0.71.
Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.07). The company had revenue of C$481.08 million for the quarter. As a group, equities analysts anticipate that Vermilion Energy will post 1.19 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.23 dividend. This represents a $2.76 annualized dividend and a yield of 10.58%. The ex-dividend date is Tuesday, July 30th. Vermilion Energy’s dividend payout ratio is presently 144.05%.
In other news, Senior Officer Robert John Engbloom sold 3,984 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$31.30, for a total transaction of C$124,699.20. Following the sale, the insider now owns 34,696 shares in the company, valued at approximately C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of C$27.06, for a total transaction of C$270,564.00. Following the sale, the insider now owns 40,817 shares in the company, valued at approximately C$1,104,361.08. Insiders sold a total of 20,699 shares of company stock worth $584,089 over the last quarter.
Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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