Vermilion Energy Inc (VET) Price Target Cut to C$59.00
Vermilion Energy Inc (TSE:VET) (NYSE:VET) had its price objective reduced by equities researchers at TD Securities from C$60.00 to C$59.00 in a report released on Monday, May 1st. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 31.14% from the company’s current price.
Other research analysts have also issued reports about the company. Barclays PLC decreased their target price on Vermilion Energy from C$66.00 to C$64.00 in a report on Monday, April 24th. CIBC decreased their target price on Vermilion Energy from C$60.00 to C$58.00 in a report on Tuesday, February 28th. Scotiabank reiterated an “outperform” rating and issued a C$62.50 target price on shares of Vermilion Energy in a report on Friday, April 7th. BMO Capital Markets reiterated an “outperform” rating and issued a C$55.00 target price on shares of Vermilion Energy in a report on Monday, May 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a C$56.00 target price on shares of Vermilion Energy in a report on Monday, April 10th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$59.32.
Vermilion Energy (TSE:VET) traded down 2.45% on Monday, hitting $44.99. The stock had a trading volume of 560,249 shares. The firm’s 50-day moving average is $48.38 and its 200-day moving average is $52.16. The company’s market cap is $5.42 billion. Vermilion Energy has a 52-week low of $39.31 and a 52-week high of $58.98.
The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 15th will be paid a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend is Thursday, May 18th.
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In other news, insider Mona Jean Jasinski sold 4,500 shares of Vermilion Energy stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of C$49.50, for a total transaction of C$222,750.00. Also, insider Curtis W. Hicks sold 10,000 shares of Vermilion Energy stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of C$50.01, for a total value of C$500,100.00. Over the last 90 days, insiders sold 39,199 shares of company stock worth $1,923,813.
About Vermilion Energy
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