Vermilion Energy Inc. (TSE:VET) had its price target lifted by BMO Capital Markets from C$52.00 to C$55.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. BMO Capital Markets’ price objective points to a potential upside of 5.10% from the company’s current price.
A number of other equities analysts also recently issued reports on VET. CIBC began coverage on Vermilion Energy in a research report on Wednesday, June 15th. They set an “outperform” rating and a C$50.00 price target on the stock. AltaCorp Capital upped their price objective on Vermilion Energy from C$50.00 to C$52.00 in a research note on Tuesday, August 9th. Desjardins upped their price objective on Vermilion Energy from C$47.50 to C$52.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. TD Securities upped their price objective on Vermilion Energy from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Finally, Scotiabank restated an “outperform” rating and set a C$52.50 price objective on shares of Vermilion Energy in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$52.50.
Vermilion Energy (TSE:VET) traded up 1.51% during midday trading on Thursday, hitting $53.12. The company’s stock had a trading volume of 149,921 shares. The company’s 50-day moving average is $48.45 and its 200 day moving average is $43.42. The company’s market cap is $6.19 billion. Vermilion Energy has a one year low of $29.71 and a one year high of $53.16.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be paid a $0.215 dividend. This represents a $2.58 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, September 20th.
In related news, insider Curtis W. Hicks sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$50.00, for a total transaction of C$500,000.00. Also, insider Mona Jean Jasinski sold 2,020 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$49.50, for a total value of C$99,990.00.
About Vermilion Energy
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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