Vermilion Energy (TSE:VET) Upgraded at Desjardins

Desjardins upgraded shares of Vermilion Energy (TSE:VET - Free Report) NYSE: VET from a hold rating to a moderate buy rating in a research report report published on Friday morning, Marketbeat.com reports. The brokerage currently has C$11.50 target price on the stock, up from their prior target price of C$11.00.

A number of other equities analysts also recently issued reports on the company. CIBC cut their target price on Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday, April 10th. Royal Bank of Canada increased their target price 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. Atb Cap Markets downgraded Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. BMO Capital Markets cut their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. increased their target price on Vermilion Energy from C$10.00 to C$11.00 in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$14.89.

Vermilion Energy Stock Performance

Vermilion Energy stock traded up C$0.13 during trading hours on Friday, reaching C$9.99. 661,189 shares of the stock were exchanged, compared to its average volume of 841,666. Vermilion Energy has a 52-week low of C$7.29 and a 52-week high of C$16.29. The stock has a market cap of C$1.55 billion, a P/E ratio of -1.88, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The firm's 50 day moving average is C$8.97 and its 200 day moving average is C$11.63.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, March 31st. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 5.21%. Vermilion Energy's 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.