BMO Capital Markets Raises Vermilion Energy Inc. (VET) Price Target to C$55.00
Vermilion Energy Inc. (TSE:VET) had its price target raised by research analysts at BMO Capital Markets from C$52.00 to C$55.00 in a report issued on Thursday. BMO Capital Markets’ price objective would indicate a potential upside of 5.10% from the company’s previous close.
Several other equities analysts have also commented on the company. Barclays PLC reissued an “overweight” rating and set a C$45.00 price objective on shares of Vermilion Energy in a research report on Wednesday, June 29th. Royal Bank Of Canada raised their price objective on Vermilion Energy from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 10th. FirstEnergy Capital raised their price objective on Vermilion Energy from C$47.50 to C$53.00 in a research report on Tuesday, August 9th. RBC Capital Markets raised their price objective on Vermilion Energy from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Finally, Scotiabank raised their price objective on Vermilion Energy from C$52.50 to C$56.50 and gave the company an “outperform” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$52.50.
Vermilion Energy (TSE:VET) traded up 1.51% during trading on Thursday, reaching $53.12. 149,921 shares of the company traded hands. The firm’s market capitalization is $6.19 billion. Vermilion Energy has a 52 week low of $29.71 and a 52 week high of $53.16. The company’s 50-day moving average price is $48.45 and its 200 day moving average price is $43.42.
The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be paid a dividend of $0.215 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.93%.
In other Vermilion Energy news, insider Mona Jean Jasinski sold 2,020 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$49.50, for a total transaction of C$99,990.00. Also, insider Curtis W. Hicks sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$50.00, for a total value of C$500,000.00.
About Vermilion Energy
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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