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

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET has been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$15.17.

Several equities research analysts recently commented on VET shares. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Desjardins cut shares of Vermilion Energy from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. TD Securities decreased their price objective on Vermilion Energy from C$14.00 to C$12.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank of Canada lifted their target price on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, BMO Capital Markets decreased their price target on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th.

Vermilion Energy Trading Up 1.9 %

Vermilion Energy stock traded up C$0.17 during trading hours on Monday, hitting C$8.90. The stock had a trading volume of 397,447 shares, compared to its average volume of 790,683. The business's 50 day simple moving average is C$9.89 and its 200-day simple moving average is C$12.31. Vermilion Energy has a one year low of C$7.29 and a one year high of C$17.15. The stock has a market cap of C$1.38 billion, a price-to-earnings ratio of -1.67, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 5.84%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.12. Vermilion Energy's dividend payout ratio is currently -9.03%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas.