Royal Bank of Canada Raises Vermilion Energy (TSE:VET) Price Target to C$21.00

Vermilion Energy (TSE:VET - Free Report) NYSE: VET had its target price hoisted by Royal Bank of Canada from C$20.00 to C$21.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other equities analysts also recently weighed in on the stock. Raymond James cut their price target on shares of Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating on the stock in a report on Friday, January 19th. BMO Capital Markets cut their price target on shares of Vermilion Energy from C$22.00 to C$19.00 in a report on Tuesday, December 12th. National Bankshares increased their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Thursday, March 7th. Stifel Nicolaus cut their price target on shares of Vermilion Energy from C$27.00 to C$24.00 in a report on Thursday, December 14th. Finally, ATB Capital dropped their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$21.85.

Vermilion Energy Stock Up 0.4 %

Shares of VET traded up C$0.07 during mid-day trading on Tuesday, hitting C$17.10. 794,297 shares of the company traded hands, compared to its average volume of 788,274. Vermilion Energy has a 1-year low of C$13.30 and a 1-year 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 has a market capitalization of C$2.77 billion, a PE ratio of -11.79, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The business has a 50 day moving average of C$15.31 and a 200 day moving average of C$16.71.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. The company had revenue of C$522.97 million for the quarter, compared to the consensus estimate of C$593.34 million. Equities research analysts anticipate that Vermilion Energy will post 1.9651568 EPS for the current year.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.12 per share. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.81%. Vermilion Energy's dividend payout ratio (DPR) is -33.10%.

Insider Activity

In other Vermilion Energy news, Director Robert B. Michaleski bought 10,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. In other news, Director Myron Maurice Stadnyk acquired 3,000 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of C$16.10 per share, for a total transaction of C$48,300.00. Also, Director Robert B. Michaleski acquired 10,000 shares of the firm's stock in a transaction on Monday, March 11th. The stock was purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. Insiders own 0.15% of the company's stock.

Vermilion Energy Company Profile

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.