Vermilion Energy Inc (TSE:VET) (NYSE:VET)’s share price hit a new 52-week low during mid-day trading on Friday after BMO Capital Markets lowered their price target on the stock from C$36.00 to C$35.00. The company traded as low as C$26.64 and last traded at C$26.67, with a volume of 615340 shares. The stock had previously closed at C$27.06.
A number of other equities research analysts have also recently issued reports on VET. TD Securities dropped their price objective on Vermilion Energy from C$41.00 to C$40.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Canaccord Genuity dropped their price objective on Vermilion Energy from C$43.00 to C$41.00 in a research note on Friday, March 1st. Raymond James upped their price objective on Vermilion Energy from C$41.50 to C$44.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 1st. National Bank Financial dropped their price target on Vermilion Energy from C$41.00 to C$40.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on Vermilion Energy from C$42.00 to C$43.00 in a research note on Monday, May 13th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$46.18.
In related news, Senior Officer Robert John Engbloom sold 3,984 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$31.30, for a total value of C$124,699.20. Following the sale, the insider now owns 34,696 shares in the company, valued at approximately C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 6,715 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of C$28.12, for a total value of C$188,825.80. Following the completion of the sale, the insider now owns 50,817 shares in the company, valued at approximately C$1,428,974.04.
Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.07). The business had revenue of C$481.08 million during the quarter. Equities analysts forecast that Vermilion Energy Inc will post 1.3400001 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.23 per share. This represents a $2.76 annualized dividend and a yield of 10.31%. The ex-dividend date is Thursday, May 30th. Vermilion Energy’s payout ratio is 144.05%.
About Vermilion Energy (TSE:VET)
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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