Brokerages Set Vermilion Energy Inc. (TSE:VET) Target Price at C$14.94

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$15.83.

A number of analysts recently issued reports on VET shares. BMO Capital Markets raised 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. Royal Bank Of Canada increased their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 5th. Scotiabank raised their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial lifted their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Finally, ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$16.00 to C$24.00 in a research note on Friday, March 27th.

Insider Buying and Selling

In other Vermilion Energy news, insider Yvonne Jeffery sold 6,332 shares of Vermilion Energy stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total value of C$123,537.32. Following the transaction, the insider owned 30,527 shares in the company, valued at C$595,581.77. This trade represents a 17.18% decrease in their position. Also, insider Gerard Schut sold 10,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the sale, the insider directly owned 94,268 shares of the company’s stock, valued at C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. Company insiders own 0.16% of the company’s stock.

Vermilion Energy Price Performance

TSE:VET opened at C$17.86 on Thursday. Vermilion Energy has a 12-month low of C$7.29 and a 12-month high of C$20.31. The firm has a market cap of C$2.73 billion, a price-to-earnings ratio of -4.20, a price-to-earnings-growth ratio of -0.02 and a beta of 1.12. The company’s 50-day moving average is C$15.31 and its two-hundred day moving average is C$12.82. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 3.0%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 13th. Vermilion Energy’s dividend payout ratio (DPR) is currently -12.24%.

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.