Desjardins Reiterates “C$16.00” Price Target for Vermilion Energy (TSE:VET)

Desjardins set a C$16.00 price target on Vermilion Energy (TSE:VET) (NYSE:VET) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

Several other research firms have also recently commented on VET. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$16.00 to C$24.00 in a research note on Friday, March 27th. Royal Bank Of Canada upped their price target on Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Finally, National Bank Financial reduced their price target on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Hold” and an average target price of C$19.29.

Vermilion Energy Stock Performance

Shares of VET stock opened at C$13.76 on Friday. The firm has a 50 day moving average of C$15.02 and a two-hundred day moving average of C$15.15. The stock has a market capitalization of C$2.11 billion, a PE ratio of -2.60, a P/E/G ratio of -0.02 and a beta of 0.23. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73. Vermilion Energy has a 52 week low of C$9.71 and a 52 week high of C$20.31.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. The company had revenue of C$519.12 million for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%. On average, research analysts predict that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.9%. Vermilion Energy’s dividend payout ratio is currently -9.91%.

About Vermilion Energy

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.