Vermilion Energy (TSE:VET) Price Target Raised to C$13.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective hoisted by Desjardins from C$12.50 to C$13.00 in a research note released on Monday,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. National Bankshares dropped their price objective on Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Scotiabank upped their price target on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Finally, BMO Capital Markets lifted their price objective on shares of Vermilion Energy from C$10.50 to C$12.00 and gave the stock a “market perform” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Vermilion Energy currently has an average rating of “Hold” and a consensus price target of C$13.83.

Vermilion Energy Stock Performance

VET opened at C$12.15 on Monday. Vermilion Energy has a fifty-two week low of C$7.29 and a fifty-two week high of C$15.11. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of -7.99, a price-to-earnings-growth ratio of -0.02 and a beta of 0.55. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The firm has a 50 day simple moving average of C$11.27 and a 200 day simple moving average of C$10.64.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, November 5th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$452.18 million during the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. On average, sell-side analysts anticipate that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a $0.13 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. Vermilion Energy’s payout ratio is currently -33.55%.

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.