Vermilion Energy (TSE:VET) Price Target Raised to C$12.00

Key Points

• BMO Capital Markets has raised its price target for Vermilion Energy from C$10.50 to C$12.00, signaling a potential upside of 16.28% from the current stock price.
• Royal Bank of Canada recently increased its target price for the stock to C$16.00 while CIBC lowered its target from C$17.00 to C$14.00, reflecting mixed sentiments among analysts.
• Vermilion Energy shares experienced a decline of 3.9%, trading at C$10.32, despite positive analyst revisions, highlighting market volatility.

Vermilion Energy (TSE:VET - Free Report) NYSE: VET had its target price boosted by BMO Capital Markets from C$10.50 to C$12.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other research firms have also commented on VET. CIBC reduced their price target on shares of Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Vermilion Energy from C$10.00 to C$11.00 in a research report on Wednesday, April 23rd. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and boosted their price target for the company from C$11.00 to C$11.50 in a research note on Friday, June 6th. Royal Bank Of Canada boosted their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, TD Securities reduced their price target on shares of Vermilion Energy from C$14.00 to C$12.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$14.67.

Vermilion Energy Trading Up 0.5%

Shares of VET stock traded up C$0.05 during trading on Friday, hitting C$10.12. 323,705 shares of the stock traded hands, compared to its average volume of 806,070. The firm has a market capitalization of C$1.57 billion, a P/E ratio of -1.90, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The firm's fifty day moving average price is C$10.65 and its 200-day moving average price is C$10.64. Vermilion Energy has a 52-week low of C$7.29 and a 52-week high of C$15.17.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.13 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 5.1%. Vermilion Energy's payout ratio is -9.03%.

Insider Activity at Vermilion Energy

In other Vermilion Energy news, Senior Officer Randy Lee Ernest Mcquaig purchased 3,600 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of C$8.85 per share, for a total transaction of C$31,860.00. 0.16% of the stock is currently owned by company insiders.

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.