Vermilion Energy (TSE:VET) Trading Down 13.8% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price dropped 13.8% during mid-day trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares changed hands during mid-day trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

VET has been the topic of a number of other research reports. TD Securities lowered their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Atb Cap Markets cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. ATB Capital cut their target price on Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating for the company in a research report on Monday, December 30th. BMO Capital Markets dropped their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Finally, Desjardins cut shares of Vermilion Energy from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Vermilion Energy currently has a consensus rating of "Moderate Buy" and an average price target of C$16.75.

Vermilion Energy Stock Up 2.7 %

The firm has a 50 day moving average price of C$11.16 and a 200-day moving average price of C$12.86. 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 has a market cap of C$1.36 billion, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.93%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. Vermilion Energy's payout ratio is -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.