Vermilion Energy (VET) Given New C$43.00 Price Target at Canaccord Genuity

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Vermilion Energy (TSE:VET) (NYSE:VET) had its target price decreased by Canaccord Genuity from C$55.00 to C$43.00 in a research report report published on Thursday morning.

Several other brokerages also recently commented on VET. National Bank Financial dropped their target price on shares of Vermilion Energy from C$58.00 to C$41.00 and set an outperform rating on the stock in a report on Monday, December 10th. Raymond James upgraded shares of Vermilion Energy from an outperform rating to a strong-buy rating and set a C$51.00 target price on the stock in a report on Wednesday, November 14th. CIBC dropped their target price on shares of Vermilion Energy from C$57.50 to C$50.00 in a report on Friday, October 26th. BMO Capital Markets decreased their price target on shares of Vermilion Energy from C$52.00 to C$45.00 in a research note on Friday, October 26th. Finally, Bank of America reaffirmed a buy rating and set a C$54.00 price target on shares of Vermilion Energy in a research note on Tuesday, September 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Vermilion Energy currently has a consensus rating of Buy and an average target price of C$53.62.

VET stock traded up C$0.36 during mid-day trading on Thursday, hitting C$31.92. 589,663 shares of the company were exchanged, compared to its average volume of 1,016,855. The company has a debt-to-equity ratio of 73.75, a quick ratio of 0.43 and a current ratio of 0.52. Vermilion Energy has a 1-year low of C$26.67 and a 1-year high of C$50.46.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Thursday, October 25th. The company reported C$0.49 EPS for the quarter, missing the consensus estimate of C$0.53 by C($0.04). The business had revenue of C$508.41 million for the quarter, compared to analysts’ expectations of C$438.36 million. On average, analysts predict that Vermilion Energy will post 1.69000022680391 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, November 29th. This represents a $2.76 dividend on an annualized basis and a yield of 8.65%. Vermilion Energy’s dividend payout ratio (DPR) is -821.54%.

In other news, insider Michael Sam Kaluza sold 790 shares of Vermilion Energy stock in a transaction on Friday, December 7th. The stock was sold at an average price of C$31.96, for a total transaction of C$25,248.40. Also, insider Terrance Gerald Hergott bought 5,000 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of C$35.01 per share, with a total value of C$175,050.00.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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