Vermilion Energy (TSE:VET) Price Target Raised to C$28.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target upped by National Bank Financial from C$27.00 to C$28.00 in a research note issued to investors on Tuesday,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on VET. TD Securities upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Desjardins set a C$16.00 target price on shares of Vermilion Energy and gave the company a “hold” rating in a research report on Friday, July 17th. TD boosted their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, BMO Capital Markets increased 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.88.

Vermilion Energy Price Performance

Vermilion Energy stock opened at C$18.84 on Tuesday. Vermilion Energy has a 1 year low of C$10.08 and a 1 year high of C$20.31. The company has a debt-to-equity ratio of 62.68, a quick ratio of 0.40 and a current ratio of 1.00. The company’s 50 day simple moving average is C$17.44 and its 200-day simple moving average is C$16.30. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of -6.50, a price-to-earnings-growth ratio of -0.02 and a beta of 0.38.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, July 29th. The company reported C$0.86 earnings per share (EPS) for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%. The company had revenue of C$563.07 million for the quarter. As a group, equities research analysts expect that Vermilion Energy will post 1.40 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.1350 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 2.9%. Vermilion Energy’s dividend payout ratio is currently -18.28%.

Vermilion Energy Company Profile

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.