Vermilion Energy (TSE:VET) Trading Down 13.8% After Analyst Downgrade

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) traded down 13.8% during trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares were traded during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

VET has been the topic of several other research reports. ATB Capital dropped their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Monday, December 30th. TD Securities dropped their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. BMO Capital Markets decreased their price target on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. National Bankshares lifted their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Desjardins downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Trading Up 5.4 %

The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The stock’s 50 day simple moving average is C$11.42 and its two-hundred day simple moving average is C$12.95. The stock has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s dividend payout ratio is currently -9.03%.

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.