CIBC Raises Vermilion Energy Inc. (VET) Price Target to C$55.00
Vermilion Energy Inc. (TSE:VET) had its price target increased by analysts at CIBC from C$51.00 to C$55.00 in a report issued on Wednesday. CIBC’s price objective points to a potential upside of 0.79% from the stock’s previous close.
Several other research analysts have also weighed in on the company. Barclays PLC increased their price objective on Vermilion Energy from C$59.00 to C$63.00 in a research report on Tuesday, October 11th. BMO Capital Markets increased their price objective on Vermilion Energy from C$52.00 to C$55.00 in a research report on Thursday, October 6th. AltaCorp Capital increased their price objective on Vermilion Energy from C$50.00 to C$52.00 in a research report on Tuesday, August 9th. FirstEnergy Capital increased their price objective on Vermilion Energy from C$47.50 to C$53.00 in a research report on Tuesday, August 9th. Finally, Desjardins increased their price objective on Vermilion Energy from C$47.50 to C$52.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Vermilion Energy presently has an average rating of “Buy” and a consensus price target of C$53.12.
Vermilion Energy (TSE:VET) traded up 3.35% on Wednesday, reaching $54.57. The company’s stock had a trading volume of 305,831 shares. The firm’s market capitalization is $6.36 billion. Vermilion Energy has a 52 week low of $29.71 and a 52 week high of $54.90. The company has a 50 day moving average of $49.45 and a 200 day moving average of $44.30.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be paid a $0.215 dividend. This represents a $2.58 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, October 20th.
In other news, insider Curtis W. Hicks sold 10,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$50.00, for a total value of C$500,000.00. Also, insider Mona Jean Jasinski sold 2,020 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of C$49.50, for a total value of C$99,990.00.
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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