Vermilion Energy (TSE:VET) Upgraded at Desjardins

Desjardins upgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a hold rating to a moderate buy rating in a report released on Friday morning, Marketbeat Ratings reports. They currently have C$11.50 price objective on the stock, up from their prior price objective of C$11.00.

A number of other brokerages also recently issued reports on VET. JPMorgan Chase & Co. boosted their price objective on shares of Vermilion Energy from C$10.00 to C$11.00 in a research report on Wednesday, April 23rd. TD Securities dropped their target price on shares of Vermilion Energy from C$14.00 to C$12.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. CIBC dropped their target price on shares of Vermilion Energy from C$17.00 to C$14.00 in a report on Thursday, April 10th. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their target price on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$14.89.

Vermilion Energy Stock Up 3.2%

Shares of Vermilion Energy stock opened at C$9.86 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company’s fifty day simple moving average is C$9.01 and its two-hundred day simple moving average is C$11.67. The company has a market cap of C$1.53 billion, a P/E ratio of -1.85, a PEG ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 12-month low of C$7.29 and a 12-month high of C$16.29.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.13 dividend. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 5.27%. Vermilion Energy’s payout ratio is presently -9.03%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.