Vermilion Energy Inc. (TSE:VET) Receives C$19.75 Average PT from Brokerages

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$19.75.

Several research firms have issued reports on VET. TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. TD lifted their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Desjardins set a C$16.00 target price on Vermilion Energy and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, BMO Capital Markets lifted their target price on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st.

Vermilion Energy Stock Down 1.1%

Shares of TSE VET opened at C$17.51 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.40 and a debt-to-equity ratio of 62.68. The business has a 50-day moving average of C$16.44 and a 200-day moving average of C$16.32. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of -6.04, a PEG ratio of -0.02 and a beta of 0.26. Vermilion Energy has a 12 month low of C$9.98 and a 12 month high of C$20.31.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, July 29th. The company reported C$0.86 earnings per share for the quarter. The business had revenue of C$563.07 million for the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. Sell-side analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.1%. Vermilion Energy’s payout ratio is presently -18.28%.

About Vermilion Energy

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion’s priorities are health and safety, the environment, and profitability, in that order.