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

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price fell 13.8% 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. 1,567,002 shares traded hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

A number of other brokerages have also recently weighed in on VET. BMO Capital Markets dropped their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Royal Bank of Canada cut their target price on 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. TD Securities lowered their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, Desjardins lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$16.75.

Vermilion Energy Price Performance

The business's 50-day simple moving average is C$11.16 and its 200 day simple moving average is C$12.86. The company has a market capitalization of C$1.36 billion, a P/E ratio of -1.65, a P/E/G ratio of -0.02 and a beta of 2.60. 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 announced 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. 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 5.93%. Vermilion Energy's payout ratio is presently -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.