Analysts Set Vermilion Energy Inc. (TSE:VET) Target Price at C$19.12

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$19.75.

VET has been the subject of a number of research analyst reports. National Bank Financial reduced their price target on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. BMO Capital Markets increased their price objective on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a report on Friday. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Finally, TD upped their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Friday.

Vermilion Energy Trading Up 3.5%

Shares of VET opened at C$16.68 on Wednesday. The stock has a fifty day moving average price of C$14.62 and a two-hundred day moving average price of C$15.40. The company has a debt-to-equity ratio of 62.68, a quick ratio of 0.40 and a current ratio of 1.00. Vermilion Energy has a 52-week low of C$9.71 and a 52-week high of C$20.31. The company has a market cap of C$2.55 billion, a price-to-earnings ratio of -5.75, a PEG ratio of -0.02 and a beta of 0.23.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, July 29th. The company reported C$0.86 EPS for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%.The company had revenue of C$563.07 million for the quarter. Analysts predict that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.2%. Vermilion Energy’s dividend payout ratio (DPR) is currently -18.28%.

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