Analysts Set Vermilion Energy Inc. (TSE:VET) Target Price at C$16.94

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$17.79.

VET has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on Vermilion Energy from C$15.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. National Bank Financial increased their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating and increased their price objective for the company from C$14.00 to C$16.00 in a research report on Thursday, March 5th. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$16.00 to C$24.00 in a research report on Friday, March 27th. Finally, Desjardins increased their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research report on Monday, March 9th.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, insider Yvonne Jeffery sold 6,332 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the sale, the insider directly owned 30,527 shares of the company’s stock, valued at C$595,581.77. The trade was a 17.18% decrease in their position. Also, insider Gerard Schut sold 10,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the sale, the insider directly owned 94,268 shares in the company, valued at approximately C$1,791,092. This trade represents a 9.59% decrease in their ownership of the stock. 0.16% of the stock is owned by insiders.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$16.86 on Monday. Vermilion Energy has a one year low of C$8.17 and a one year high of C$20.31. The stock has a fifty day moving average of C$16.67 and a 200-day moving average of C$13.58. The company has a market capitalization of C$2.57 billion, a PE ratio of -3.97, a price-to-earnings-growth ratio of -0.02 and a beta of 0.30. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.40 and a current ratio of 0.84.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.135 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.54 annualized dividend and a yield of 3.2%. Vermilion Energy’s dividend payout ratio (DPR) is presently -12.24%.

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.