Vermilion Energy (TSE:VET) Shares Down 6.5% - Should You Sell?

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares were down 6.5% during mid-day trading on Tuesday . The company traded as low as C$8.04 and last traded at C$8.09. Approximately 1,042,573 shares were traded during trading, an increase of 45% from the average daily volume of 720,085 shares. The stock had previously closed at C$8.65.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. ATB Capital reduced 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. National Bankshares raised 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. BMO Capital Markets lowered their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Desjardins downgraded 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 note on Wednesday, March 19th. Finally, CIBC decreased their price target on shares of Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday. 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$16.75.

Vermilion Energy Price Performance

The firm has a 50-day simple moving average of C$11.42 and a 200-day simple moving average of C$12.95. The firm has a market cap of C$1.31 billion, a P/E ratio of -1.59, a PEG 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.12. Vermilion Energy's dividend payout ratio (DPR) is presently -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.