Vermilion Energy Inc. (TSE:VET) Receives C$14.89 Consensus Target Price from Brokerages

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET has been given an average rating of "Moderate Buy" by the eight brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$14.89.

VET has been the topic of a number of research reports. Royal Bank Of Canada upped their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Desjardins upgraded Vermilion Energy from a "hold" rating to a "moderate buy" rating and raised their price target for the company from C$11.00 to C$11.50 in a research note on Friday, June 6th. JPMorgan Chase & Co. lifted their target price on Vermilion Energy from C$10.00 to C$11.00 in a research report on Wednesday, April 23rd. TD Securities lowered their price target on Vermilion Energy from C$14.00 to C$12.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, CIBC lowered their price target on Vermilion Energy from C$17.00 to C$14.00 in a report on Thursday, April 10th.

Insiders Place Their Bets

In related news, Senior Officer Randy Lee Ernest Mcquaig purchased 3,600 shares of Vermilion Energy stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of C$8.85 per share, with a total value of C$31,860.00. 0.16% of the stock is currently owned by insiders.

Vermilion Energy Price Performance

TSE:VET traded up C$0.38 during trading hours on Friday, hitting C$11.02. 768,473 shares of the stock were exchanged, compared to its average volume of 824,065. Vermilion Energy has a 52-week low of C$7.29 and a 52-week high of C$15.17. The firm's fifty day moving average price is C$10.06 and its 200 day moving average price is C$11.03. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a market cap of C$1.71 billion, a P/E ratio of -2.07, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.13 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 4.72%. Vermilion Energy's payout ratio is currently -9.03%.

Vermilion Energy Company Profile

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.