Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by BMO Capital Markets from C$36.00 to C$35.00 in a research note released on Friday morning, BayStreet.CA reports.
Other equities research analysts also recently issued reports about the stock. TD Securities lowered their target price on shares of Vermilion Energy from C$40.00 to C$39.00 and set a hold rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on shares of Vermilion Energy from C$42.00 to C$43.00 in a report on Monday, May 13th. Eight Capital restated a buy rating and issued a C$42.00 target price on shares of Vermilion Energy in a report on Monday, June 10th. Raymond James boosted their target price on shares of Vermilion Energy from C$44.00 to C$45.00 and gave the company a strong-buy rating in a report on Friday, April 26th. Finally, National Bank Financial lowered their target price on shares of Vermilion Energy from C$41.00 to C$40.00 in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$46.18.
Shares of TSE VET opened at C$26.78 on Friday. The stock has a market cap of $4.14 billion and a PE ratio of 13.98. Vermilion Energy has a 12 month low of C$26.63 and a 12 month high of C$49.67. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 72.05.
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.76 dividend on an annualized basis and a yield of 10.31%. Vermilion Energy’s dividend payout ratio (DPR) is 144.05%.
In other Vermilion Energy news, Senior Officer Mona Jean Jasinski sold 6,715 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of C$28.12, for a total transaction of C$188,825.80. Following the transaction, the insider now directly owns 50,817 shares of the company’s stock, valued at C$1,428,974.04. Also, Senior Officer Robert John Engbloom sold 3,984 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$31.30, for a total transaction of C$124,699.20. Following the transaction, the insider now directly owns 34,696 shares in the company, valued at C$1,085,984.80.
About Vermilion Energy
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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