Vermilion Energy (TSE:VET) Upgraded by ATB Cormark Capital Markets to Outperform Rating

ATB Cormark Capital Markets upgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a sector perform rating to an outperform rating in a report issued on Friday,BayStreet.CA reports. The firm currently has C$24.00 price target on the stock, up from their previous price target of C$16.00.

A number of other research analysts also recently weighed in on VET. Scotiabank raised their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Thursday, March 5th. Desjardins boosted their price objective on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, March 9th. National Bank Financial upped their price objective on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Finally, BMO Capital Markets boosted their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$15.83.

Vermilion Energy Stock Up 5.0%

VET stock opened at C$19.31 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60. Vermilion Energy has a 1 year low of C$7.29 and a 1 year high of C$20.31. The company has a fifty day simple moving average of C$14.94 and a 200 day simple moving average of C$12.63. The firm has a market cap of C$2.95 billion, a PE ratio of -4.54, a PEG ratio of -0.02 and a beta of 1.12.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, March 13th. Vermilion Energy’s dividend payout ratio is -12.24%.

Insider Activity

In related news, insider Gerard Schut sold 10,000 shares of Vermilion Energy stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the transaction, the insider directly owned 94,268 shares of the company’s stock, valued at C$1,791,092. The trade was a 9.59% decrease in their ownership of the stock. 0.16% of the stock is owned by corporate 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.