Vermilion Energy (TSE:VET) Sets New 52-Week High on Analyst Upgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price hit a new 52-week high during trading on Wednesday after National Bankshares raised their price target on the stock from C$14.50 to C$18.50. National Bankshares currently has an outperform rating on the stock. Vermilion Energy traded as high as C$14.00 and last traded at C$13.93, with a volume of 2046959 shares. The stock had previously closed at C$13.65.

A number of other equities analysts have also issued reports on the stock. ATB Capital raised their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 11th. TD Securities raised their target price on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Scotiabank boosted their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Desjardins increased their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, BMO Capital Markets lifted their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$14.50.

Insiders Place Their Bets

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at approximately C$578,000. This trade represents a 11.11% increase in their position. Corporate insiders own 0.16% of the company’s stock.

Vermilion Energy Stock Up 2.1%

The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The firm has a market capitalization of C$2.14 billion, a PE ratio of -9.16, a price-to-earnings-growth ratio of -0.02 and a beta of 1.24. The business has a 50-day moving average price of C$12.04 and a 200-day moving average price of C$11.33.

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

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, December 15th. Vermilion Energy’s payout ratio is presently -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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.