Vermilion Energy Inc. (VET) Price Target Raised to C$63.00
Vermilion Energy Inc. (TSE:VET) had its price target lifted by equities researchers at Barclays PLC from C$59.00 to C$63.00 in a report issued on Tuesday, StockTargetPrices.com reports. Barclays PLC’s target price suggests a potential upside of 20.32% from the stock’s previous close.
Several other research analysts also recently commented on the company. BMO Capital Markets raised their target price on Vermilion Energy from C$52.00 to C$55.00 in a research note on Thursday, October 6th. Royal Bank Of Canada raised their target price on Vermilion Energy from C$43.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 10th. FirstEnergy Capital raised their target price on Vermilion Energy from C$47.50 to C$53.00 in a research note on Tuesday, August 9th. RBC Capital Markets raised their target price on Vermilion Energy from C$43.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, Scotiabank raised their target price on Vermilion Energy from C$52.50 to C$56.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Vermilion Energy currently has a consensus rating of “Buy” and a consensus price target of C$52.81.
Vermilion Energy (TSE:VET) traded up 1.70% on Tuesday, hitting $53.25. The stock had a trading volume of 66,735 shares. The company has a 50-day moving average price of $48.60 and a 200-day moving average price of $43.67. Vermilion Energy has a 1-year low of $29.71 and a 1-year high of $53.45. The stock’s market capitalization is $6.21 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 dividend of $0.215 per share. The ex-dividend date is Tuesday, September 20th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.93%.
In related news, insider Curtis W. Hicks sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$50.00, for a total transaction of C$500,000.00. Also, insider Mona Jean Jasinski sold 2,020 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of C$49.50, for a total value 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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