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.

Vermilion Energy Stock Performance

TSE:VET opened at C$32.52 on Friday. The firm has a 50-day moving average of C$28.03 and a 200-day moving average of C$26.20. The company has a debt-to-equity ratio of 61.68, a quick ratio of 0.38 and a current ratio of 0.52. The stock has a market cap of C$5.37 billion and a PE ratio of 5.85. Vermilion Energy has a 52-week low of C$7.06 and a 52-week high of C$34.09.

Vermilion Energy (TSE:VET - Get Rating) (NYSE:VET) last posted its earnings results on Wednesday, May 11th. The company reported C$1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.07 by C$0.62. The company had revenue of C$810.18 million for the quarter. On average, sell-side analysts anticipate that Vermilion Energy will post 8.0799998 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from Vermilion Energy's previous quarterly dividend of $0.06. Vermilion Energy's dividend payout ratio (DPR) is currently 1.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VET shares. Raymond James raised their price objective on shares of Vermilion Energy from C$38.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday. Stifel Nicolaus raised shares of Vermilion Energy from a "hold" rating to a "buy" rating and raised their target price for the company from C$36.50 to C$40.00 in a research report on Thursday, June 30th. ATB Capital raised their target price on shares of Vermilion Energy from C$31.00 to C$36.00 and gave the company a "na" rating in a research report on Thursday, June 2nd. Scotiabank raised their target price on shares of Vermilion Energy from C$36.00 to C$38.00 in a research report on Thursday, July 14th. Finally, TD Securities raised their target price on shares of Vermilion Energy from C$40.00 to C$45.00 and gave the company a "buy" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$36.45.

Insiders Place Their Bets

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