ATB Capital Cuts Vermilion Energy (TSE:VET) Price Target to C$17.50

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by ATB Capital from C$20.00 to C$17.50 in a report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently weighed in on VET. TD Securities reduced their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Canaccord Genuity Group lowered their price target on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. National Bankshares lifted their price objective on Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Royal Bank of Canada lowered their target price on shares of Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$18.77.

Vermilion Energy Trading Up 4.1 %

TSE VET opened at C$13.53 on Monday. Vermilion Energy has a 12 month low of C$11.84 and a 12 month high of C$17.56. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. The stock’s fifty day moving average price is C$13.60 and its 200-day moving average price is C$13.92. The stock has a market cap of C$2.11 billion, a P/E ratio of -2.65, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The firm had revenue of C$490.10 million for the quarter, compared to analysts’ expectations of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, equities analysts forecast that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is currently owned by company 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.