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

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares were down 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. 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.

Other research analysts have also issued reports about the stock. Royal Bank of Canada decreased their price objective on shares of Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating for the company in a report on Monday, December 30th. TD Securities decreased 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 note on Friday, December 20th. ATB Capital cut their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a research report on Monday, December 30th. BMO Capital Markets decreased their target price on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Finally, National Bankshares lifted their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research report 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 company's stock. According to MarketBeat.com, Vermilion Energy has an average rating of "Moderate Buy" and a consensus target price of C$16.75.

Vermilion Energy Trading Up 2.7 %

The stock has a market cap of C$1.36 billion, a PE ratio of -1.65, a PEG ratio of -0.02 and a beta of 2.60. The stock's fifty day moving average price is C$11.16 and its 200 day moving average price is C$12.86. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

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