Vermilion Energy (TSE:VET) Price Target Raised to C$15.00 at Royal Bank Of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target increased by Royal Bank Of Canada from C$14.00 to C$15.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also recently commented on the stock. Desjardins raised their price target on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Scotiabank increased their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. National Bank Financial lifted their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. TD Securities downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from C$14.00 to C$16.00 in a research note on Thursday. Finally, ATB Cormark Capital Markets increased their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$14.61.

Vermilion Energy Stock Performance

Shares of VET stock opened at C$15.51 on Thursday. Vermilion Energy has a 1-year low of C$7.29 and a 1-year high of C$16.39. The company has a current ratio of 0.81, a quick ratio of 0.40 and a debt-to-equity ratio of 48.94. The company has a market capitalization of C$2.38 billion, a price-to-earnings ratio of -10.20, a P/E/G ratio of -0.02 and a beta of 1.24. The stock’s fifty day simple moving average is C$13.10 and its 200-day simple moving average is C$11.85.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.4%. Vermilion Energy’s dividend payout ratio is presently -33.55%.

Insider Buying and Selling

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were bought at an average price of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at C$578,000. This trade represents a 11.11% increase in their position. 0.16% of the stock is currently owned by company insiders.

Vermilion Energy Company Profile

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.