Vermilion Energy - VET Stock Forecast, Price & News

Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia. It also owns 20% interests in the offshore Corrib natural gas field located to the northwest coast of Ireland; and 100% working interest in the Wandoo offshore oil field and related production facilities that covers 59,553 acres located on Western Australia's northwest shelf. As of December 31, 2021, the company had 401 net producing conventional natural gas wells and 2,132 net producing light and medium crude oil wells in Canada; 167.6 net producing light and medium crude oil wells in the United States; 297.0 net producing light and medium crude oil wells and 3 net producing conventional natural gas wells in France; and 47 net producing natural gas wells in the Netherlands. Vermilion Energy Inc. was founded in 1994 and is headquartered in Calgary, Canada.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VET. TD Securities boosted their target price on shares of Vermilion Energy from C$40.00 to C$45.00 in a research note on Friday. BMO Capital Markets boosted their target price on shares of Vermilion Energy from C$35.00 to C$40.00 in a research note on Friday. Raymond James boosted their target price on shares of Vermilion Energy from C$38.00 to C$40.00 in a research note on Friday. StockNews.com cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, CIBC boosted their target price on shares of Vermilion Energy from C$32.00 to C$34.00 in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Vermilion Energy currently has an average rating of "Moderate Buy" and an average target price of $39.22.

Vermilion Energy Price Performance

NYSE:VET traded down $0.75 on Friday, hitting $25.46. The company had a trading volume of 3,714,360 shares, compared to its average volume of 2,452,000. The company has a market capitalization of $4.21 billion, a PE ratio of 6.40 and a beta of 2.47. The company's fifty day moving average price is $21.74 and its 200-day moving average price is $20.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.52 and a quick ratio of 0.50. Vermilion Energy has a 12-month low of $5.51 and a 12-month high of $26.77.

Vermilion Energy (NYSE:VET - Get Rating) (TSE:VET) last issued its quarterly earnings results on Wednesday, May 11th. The oil and gas company reported $1.33 EPS for the quarter, topping the consensus estimate of $0.84 by $0.49. Vermilion Energy had a net margin of 28.34% and a return on equity of 46.22%. The company had revenue of $639.62 million during the quarter. As a group, analysts predict that Vermilion Energy will post 4.51 earnings per share for the current year.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.0628 per share. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.99%. Vermilion Energy's dividend payout ratio is presently 4.77%.