Vermilion Energy (TSE:VET) Price Target Raised to C$22.00 at Stifel Nicolaus

Vermilion Energy (TSE:VET - Free Report) NYSE: VET had its price objective lifted by Stifel Nicolaus from C$20.25 to C$22.00 in a report published on Tuesday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

VET has been the subject of a number of other reports. Royal Bank of Canada lifted their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Canaccord Genuity Group lifted their price objective on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a buy rating in a research note on Wednesday, April 17th. CIBC reduced their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating for the company in a research note on Tuesday, January 16th. National Bankshares lifted their price objective on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the company an outperform rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating for the company in a research note on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$21.54.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up C$0.19 during mid-day trading on Tuesday, hitting C$16.42. 706,098 shares of the stock were exchanged, compared to its average volume of 767,428. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60. The company has a 50-day simple moving average of C$15.86 and a 200 day simple moving average of C$16.52. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18. The company has a market capitalization of C$2.66 billion, a P/E ratio of -11.32, a P/E/G ratio of -0.02 and a beta of 2.71.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last posted its earnings results on Wednesday, March 6th. The company reported C$1.30 EPS 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 firm had revenue of C$522.97 million for the quarter, compared to analysts' expectations of C$593.34 million. Sell-side analysts anticipate that Vermilion Energy will post 1.8666667 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This is an increase from Vermilion Energy's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Wednesday, March 27th. Vermilion Energy's payout ratio is currently -33.10%.

Insiders Place Their Bets

In other Vermilion Energy news, Director Robert B. Michaleski purchased 10,000 shares of the stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of C$14.94 per share, with a total value of C$149,400.00. In other news, Director Myron Maurice Stadnyk acquired 3,000 shares of the stock in a transaction dated 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. Also, Director Robert B. Michaleski acquired 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of C$14.94 per share, with a total value of C$149,400.00. 0.15% of the stock is currently owned by insiders.

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.