Vermilion Energy (TSE:VET) Price Target Increased to C$22.00 by Analysts at Stifel Nicolaus

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price boosted by Stifel Nicolaus from C$20.25 to C$22.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages also recently issued reports on VET. ATB Capital lowered their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating on the stock in a research report on Thursday, January 18th. CIBC reduced their target price on shares of Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating for the company in a research note on Tuesday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating for the company in a research note on Friday, March 8th. National Bankshares raised their target price on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the stock an outperform rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada raised their target price on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of C$21.54.

Vermilion Energy Trading Up 0.4 %

TSE VET opened at C$16.52 on Tuesday. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. The firm’s fifty day moving average price is C$15.98 and its 200 day moving average price is C$16.51. The company has a market capitalization of C$2.68 billion, a price-to-earnings ratio of -11.39, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60.

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

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.91%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s payout ratio is presently -33.10%.

Insiders Place Their Bets

In other news, Director Robert B. Michaleski purchased 10,000 shares of the stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. Also, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of C$14.94 per share, with a total value of C$149,400.00. 0.15% of the stock is currently owned by company 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.