Vermilion Energy (TSE:VET) Given New C$17.00 Price Target at Royal Bank of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target decreased by Royal Bank of Canada from C$20.00 to C$17.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other research analysts have also issued reports on VET. Canaccord Genuity Group cut their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a research note on Thursday, August 1st. Desjardins cut their target price on shares of Vermilion Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research note on Tuesday, August 6th. BMO Capital Markets cut their target price on shares of Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$20.67.

Vermilion Energy Stock Performance

The firm has a market capitalization of C$2.06 billion, a P/E ratio of -2.56, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$21.30. The stock has a 50 day moving average price of C$13.75 and a 200-day moving average price of C$15.25. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). The business had revenue of C$478.93 million for the quarter, compared to the consensus estimate of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. On average, equities research analysts forecast that Vermilion Energy will post 1.9130435 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.50%.

Insider Buying and Selling

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of C$13.54 per share, with a total value of C$67,700.00. Company insiders own 0.16% of the company’s stock.

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.