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.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VET shares. Royal Bank of Canada upped their price target on shares of Vermilion Energy from C$26.00 to C$28.00 and gave the stock a "sector perform" rating in a research note on Friday, April 29th. Scotiabank boosted their target price on Vermilion Energy from C$36.00 to C$38.00 in a research report on Thursday, July 14th. TD Securities boosted their target price on Vermilion Energy from C$40.00 to C$45.00 and gave the stock a "buy" rating in a research report on Friday, August 12th. Raymond James boosted their target price on Vermilion Energy from C$38.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Friday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on Vermilion Energy from C$22.00 to C$24.00 in a research report on Wednesday, July 20th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$37.09.

Vermilion Energy Stock Performance

Shares of TSE:VET traded up C$0.58 during midday trading on Friday, hitting C$33.35. 1,234,467 shares of the company's stock traded hands, compared to its average volume of 2,038,148. The firm has a fifty day moving average of C$28.12 and a 200 day moving average of C$26.49. The stock has a market capitalization of C$5.47 billion and a price-to-earnings ratio of 5.89. Vermilion Energy has a 1 year low of C$7.11 and a 1 year high of C$34.09. The company has a debt-to-equity ratio of 61.68, a quick ratio of 0.38 and a current ratio of 0.52.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.96%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 29th. Vermilion Energy's dividend payout ratio is currently 2.16%.

Insider Buying and Selling

In other news, Director Judy Ann Steele bought 2,000 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, July 12th. The stock was bought at an average cost of C$24.89 per share, with a total value of C$49,787.00. Following the acquisition, the director now owns 2,000 shares of the company's stock, valued at approximately C$49,787. In other Vermilion Energy news, Senior Officer Gerard Schut sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of C$30.00, for a total value of C$300,000.00. Following the completion of the transaction, the insider now directly owns 88,609 shares in the company, valued at approximately C$2,658,270. Also, Director Judy Ann Steele purchased 2,000 shares of the company's stock in a transaction on Tuesday, July 12th. The stock was acquired at an average price of C$24.89 per share, with a total value of C$49,787.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at C$49,787.