Vermilion Energy (TSE:VET) Price Target Cut to C$19.00 by Analysts at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price reduced by Canaccord Genuity Group from C$20.00 to C$19.00 in a research report report published on Tuesday, BayStreet.CA reports.

A number of other research firms have also weighed in on VET. BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. decreased their target price on shares of Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. National Bankshares cut their price target on shares of Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Desjardins reduced their price target on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, TD Securities lowered their price objective on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.36.

Vermilion Energy Stock Performance

TSE:VET opened at C$13.79 on Tuesday. The company has a 50-day moving average of C$13.40 and a 200-day moving average of C$14.84. The firm has a market cap of C$2.15 billion, a price-to-earnings ratio of -2.70, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. Vermilion Energy has a twelve month low of C$11.87 and a twelve month high of C$20.51.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The business had revenue of C$478.93 million for the quarter, compared to analyst estimates of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. Analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 3.48%. Vermilion Energy’s payout ratio is -9.39%.

Insiders Place Their Bets

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average price of C$13.54 per share, with a total value of C$67,700.00. 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.