Vermilion Energy (VET) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Vermilion Energy (TSE: VET) recently:

• 4/23/2024 – Vermilion Energy had its price target raised by analysts at Desjardins from C$20.00 to C$21.00. They now have a “buy” rating on the stock.
• 4/23/2024 – Vermilion Energy had its price target raised by analysts at Stifel Nicolaus from C$20.25 to C$22.00. They now have a “buy” rating on the stock.
• 4/19/2024 – Vermilion Energy had its price target raised by analysts at National Bankshares, Inc. from C$21.00 to C$22.00. They now have an “outperform” rating on the stock.
• 4/17/2024 – Vermilion Energy had its price target raised by analysts at Canaccord Genuity Group Inc. from C$20.00 to C$20.50. They now have a “buy” rating on the stock.
• 4/9/2024 – Vermilion Energy had its price target raised by analysts at Royal Bank of Canada from C$20.00 to C$21.00.
• 3/27/2024 – Vermilion Energy was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$20.00 price target on the stock, up previously from C$18.00.
• 3/22/2024 – Vermilion Energy had its price target lowered by analysts at Desjardins from C$20.50 to C$20.00. They now have a “buy” rating on the stock.
• 3/8/2024 – Vermilion Energy had its price target lowered by analysts at Royal Bank of Canada from C$23.00 to C$20.00. They now have a “sector perform” rating on the stock.
• 3/8/2024 – Vermilion Energy had its price target lowered by analysts at JPMorgan Chase & Co. from C$23.00 to C$21.00. They now have an “overweight” rating on the stock.
• 3/8/2024 – Vermilion Energy had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$22.50 to C$20.00. They now have a “buy” rating on the stock.
• 3/7/2024 – Vermilion Energy had its price target lowered by analysts at TD Securities from C$19.00 to C$18.50. They now have a “hold” rating on the stock.
• 3/7/2024 – Vermilion Energy had its price target raised by analysts at National Bankshares, Inc. from C$20.00 to C$21.00.

Vermilion Energy Trading Up 5.2 %

Shares of TSE VET traded up C$0.80 during midday trading on Thursday, reaching C$16.32. 1,349,758 shares of the stock were exchanged, compared to its average volume of 769,470. The company has a 50 day simple moving average of C$16.07 and a 200 day simple moving average of C$16.40. The stock has a market capitalization of C$2.62 billion, a P/E ratio of -11.26, a PEG ratio of -0.02 and a beta of 2.72. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18. Vermilion Energy Inc. has a twelve month low of C$13.30 and a twelve month high of C$21.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.59. The company had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. As a group, equities analysts expect that Vermilion Energy Inc. will post 1.766147 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Vermilion Energy’s payout ratio is -33.10%.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, Director Robert B. Michaleski purchased 10,000 shares of Vermilion Energy stock in a transaction on Monday, March 11th. The shares were bought at an average price of C$14.94 per share, with a total value of C$149,400.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of C$16.10 per share, with a total value of C$48,300.00. Also, Director Robert B. Michaleski bought 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of C$14.94 per share, with a total value of C$149,400.00. Company insiders own 0.15% of the company’s stock.

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.