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

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET were down 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. Approximately 1,567,002 shares traded hands during 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 analysts have also issued reports on VET. Royal Bank of Canada dropped their price objective 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. National Bankshares raised their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. ATB Capital decreased their target price on Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a research note on Monday, December 30th. TD Securities decreased their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Finally, Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.75.

Vermilion Energy Stock Performance

The stock has a market cap of C$1.36 billion, a PE ratio of -1.65, a P/E/G ratio of -0.02 and a beta of 2.60. The business's fifty day moving average price is C$11.25 and its 200-day moving average price is C$12.88. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.13 per share. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend was Monday, March 31st. 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.