Vermilion Energy (TSE:VET) Price Target Raised to C$22.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target raised by National Bankshares from C$21.00 to C$22.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on VET. Raymond James cut their price target on Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating on the stock in a report on Friday, January 19th. Royal Bank of Canada lifted their price target on Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut their price target on Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating on the stock in a report on Friday, March 8th. Desjardins cut their price target on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a report on Friday, March 22nd. Finally, Canaccord Genuity Group lifted their price target on Vermilion Energy from C$20.00 to C$20.50 and gave the company a buy rating in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Vermilion Energy has a consensus rating of Moderate Buy and an average price target of C$21.63.

Vermilion Energy Stock Up 0.7 %

VET stock opened at C$16.29 on Friday. The stock has a market cap of C$2.64 billion, a PE ratio of -11.23, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The firm’s 50-day simple moving average is C$15.78 and its 200 day simple moving average is C$16.55. Vermilion Energy has a fifty-two week low of C$13.30 and a fifty-two week high of C$21.60. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.59. The company had revenue of C$522.97 million for the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. As a group, sell-side analysts predict that Vermilion Energy will post 1.8666667 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.10%.

Insiders Place Their Bets

In other Vermilion Energy news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. In other Vermilion Energy news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. Also, Director Robert B. Michaleski purchased 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of C$14.94 per share, for a total transaction of C$149,400.00. 0.15% of the stock is currently owned by company insiders.

About Vermilion Energy

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.