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

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

A number of other equities analysts have also weighed in on VET. TD Securities raised Vermilion Energy from a hold rating to a buy rating and boosted their target price for the stock from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. National Bankshares increased their price target on Vermilion Energy from C$20.00 to C$21.00 in a report on Thursday, March 7th. Raymond James decreased their price target on 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. Desjardins dropped their price target on 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. Finally, CIBC dropped their price target on Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating on the stock in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$21.88.

Vermilion Energy Trading Down 2.5 %

Shares of Vermilion Energy stock traded down C$0.41 on Wednesday, hitting C$16.25. The stock had a trading volume of 564,102 shares, compared to its average volume of 781,125. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. Vermilion Energy has a one year low of C$13.30 and a one year high of C$21.60. The stock has a market cap of C$2.64 billion, a price-to-earnings ratio of -11.21, a PEG ratio of -0.02 and a beta of 2.71. The stock's 50-day simple moving average is C$15.70 and its two-hundred day simple moving average is C$16.59.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.59. The business had revenue of C$522.97 million for the quarter, compared to analysts' expectations of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. As a group, sell-side analysts predict that Vermilion Energy will post 1.8666667 EPS for the current year.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Vermilion Energy's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 2.95%. Vermilion Energy's dividend payout ratio (DPR) is -33.10%.

Insider Transactions at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 3,000 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. In other news, Director Myron Maurice Stadnyk purchased 3,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of C$16.10 per share, with a total value of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total value of C$825,000.00. Company 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.