Vermilion Energy Inc. (TSE:VET) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Vermilion Energy has a “Moderate Buy” consensus rating from eight analysts: four recommend holding, three recommend buying, and one gives a strong-buy rating. The average 12-month price target is C$19.75.
• Recent analyst updates were mixed but generally improved, including TD Securities upgrading the stock to “strong buy” and raising its price target to C$19.00, while BMO and Desjardins maintained market-perform and hold ratings, respectively.
• The company reported C$0.86 in quarterly EPS on C$563.07 million in revenue and declared a quarterly dividend of $0.135 per share, equivalent to an annualized $0.54 payout and a 3.1% yield.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET has received an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$19.75.

A number of research firms have recently weighed in on VET. TD Securities raised shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. BMO Capital Markets lifted their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a "market perform" rating in a report on Friday, July 31st. TD upped their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Desjardins set a C$16.00 price objective on Vermilion Energy and gave the company a "hold" rating in a report on Friday, July 17th.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$17.63 on Thursday. The company's 50-day moving average is C$16.26 and its 200 day moving average is C$16.29. The company has a debt-to-equity ratio of 62.68, a quick ratio of 0.40 and a current ratio of 1.00. The company has a market capitalization of C$2.69 billion, a P/E ratio of -6.08, a price-to-earnings-growth ratio of -0.02 and a beta of 0.26. Vermilion Energy has a fifty-two week low of C$9.98 and a fifty-two week high of C$20.31.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$563.07 million during the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. On average, equities research analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy's dividend payout ratio is currently -18.28%.

Vermilion Energy Company Profile

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion's priorities are health and safety, the environment, and profitability, in that order.

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