Vermilion Energy Inc. (VET) Price Target Raised to C$63.00
Vermilion Energy Inc. (TSE:VET) had its price target boosted by investment analysts at Barclays PLC from C$59.00 to C$63.00 in a report released on Tuesday, StockTargetPrices.com reports. Barclays PLC’s target price indicates a potential upside of 20.32% from the stock’s previous close.
A number of other equities research analysts have also issued reports on VET. CIBC initiated coverage on shares of Vermilion Energy in a report on Wednesday, June 15th. They set an “outperform” rating and a C$50.00 target price for the company. Scotiabank reaffirmed an “outperform” rating and set a C$52.50 target price on shares of Vermilion Energy in a report on Wednesday, June 29th. AltaCorp Capital upped their target price on shares of Vermilion Energy from C$50.00 to C$52.00 in a report on Tuesday, August 9th. Desjardins upped their target price on shares of Vermilion Energy from C$47.50 to C$52.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, FirstEnergy Capital upped their target price on shares of Vermilion Energy from C$47.50 to C$53.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Vermilion Energy currently has an average rating of “Buy” and a consensus target price of C$52.81.
Vermilion Energy (TSE:VET) traded up 1.28% on Tuesday, reaching $53.03. 90,895 shares of the company’s stock were exchanged. Vermilion Energy has a one year low of $29.71 and a one year high of $53.45. The firm has a 50 day moving average of $48.60 and a 200-day moving average of $43.67. The stock’s market cap is $6.18 billion.
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The company also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 17th will be issued a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, September 20th.
In other Vermilion Energy news, insider Curtis W. Hicks sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$50.00, for a total value of C$500,000.00. Also, insider Mona Jean Jasinski sold 2,020 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of C$49.50, for a total transaction 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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