Vermilion Energy (TSE:VET) Price Target Raised to C$20.50 at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price boosted by Canaccord Genuity Group from C$20.00 to C$20.50 in a report published on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on VET. Desjardins reduced their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a research report on Friday, March 22nd. National Bankshares upped their target price on shares of Vermilion Energy from C$20.00 to C$21.00 in a research report on Thursday, March 7th. Raymond James reduced their target price on shares of Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating on the stock in a research report on Friday, January 19th. ATB Capital reduced their target price on shares of Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating on the stock in a research report on Thursday, January 18th. Finally, TD Securities upgraded shares of Vermilion Energy from a hold rating to a buy rating and upped their target price for the stock from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$21.88.

Vermilion Energy Price Performance

TSE:VET opened at C$16.25 on Wednesday. The firm has a market cap of C$2.64 billion, a PE ratio of -11.21, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. The company’s 50-day moving average price is C$15.70 and its two-hundred day moving average price is C$16.59.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.59. The firm had revenue of C$522.97 million for the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. On average, equities analysts anticipate that Vermilion Energy will post 1.8666667 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.95%. The ex-dividend date was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio is presently -33.10%.

Insider Buying and Selling at Vermilion Energy

In other news, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction on 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. In other news, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction on 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. Also, Director Myron Maurice Stadnyk bought 3,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of C$16.10 per share, with a total value of C$48,300.00. Insiders own 0.15% of the company’s stock.

About Vermilion Energy

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.