Vermilion Energy (TSE:VET) Sets New 52-Week Low on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) reached a new 52-week low during trading on Friday after Canaccord Genuity Group lowered their price target on the stock from C$20.50 to C$20.00. Canaccord Genuity Group currently has a buy rating on the stock. Vermilion Energy traded as low as C$13.11 and last traded at C$13.25, with a volume of 804901 shares changing hands. The stock had previously closed at C$13.87.

VET has been the topic of several other research reports. Stifel Nicolaus lifted their target price on Vermilion Energy from C$20.25 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. National Bankshares increased their target price on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Desjardins lifted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada increased their price objective on Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Finally, BMO Capital Markets dropped their target price on Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$21.58.

Insider Activity at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of C$16.45 per share, for a total transaction of C$82,245.00. In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of C$16.45 per share, for a total transaction of C$82,245.00. Also, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$16.37, for a total value of C$491,100.00. 0.15% of the stock is owned by insiders.

Vermilion Energy Stock Performance

The firm’s 50 day moving average is C$15.35 and its 200-day moving average is C$15.54. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -3.58, a PEG ratio of -0.02 and a beta of 2.73. The company has a debt-to-equity ratio of 32.96, a quick ratio of 0.40 and a current ratio of 1.15.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, May 1st. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.08 by C($1.07). Vermilion Energy had a negative return on equity of 18.21% and a negative net margin of 34.11%. The firm had revenue of C$508.04 million during the quarter. Analysts forecast that Vermilion Energy Inc. will post 1.6180556 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 3.67%. Vermilion Energy’s dividend payout ratio is currently -12.70%.

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.