Vermilion Energy (TSE:VET) Stock Price Down 13.8% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price traded down 13.8% during trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. Approximately 1,567,002 shares traded 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.

Several other brokerages have also recently issued reports on VET. BMO Capital Markets reduced their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Royal Bank of Canada cut their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a research note on Monday, December 30th. Atb Cap Markets downgraded Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. TD Securities cut their price target on Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, National Bankshares upped their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$16.75.

Vermilion Energy Stock Performance

The company has a market capitalization 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. The firm has a 50-day simple moving average of C$11.25 and a two-hundred day simple moving average of C$12.88. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.13 dividend. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 5.92%. Vermilion Energy's dividend 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.