Vermilion Energy Inc (VET) Given Average Recommendation of “Buy” by Analysts
Shares of Vermilion Energy Inc (TSE:VET) (NYSE:VET) have received an average recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$56.17.
A number of analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Vermilion Energy from C$50.00 to C$48.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. National Bank Financial lowered their target price on shares of Vermilion Energy from C$60.00 to C$49.00 in a research note on Friday, June 23rd. TD Securities lowered their target price on shares of Vermilion Energy from C$60.00 to C$59.00 and set a “buy” rating for the company in a research note on Monday, May 1st. Barclays PLC lowered their target price on shares of Vermilion Energy from C$64.00 to C$50.00 in a research note on Monday, July 24th. Finally, Royal Bank Of Canada boosted their target price on shares of Vermilion Energy from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th.
Shares of Vermilion Energy (VET) traded down 0.69% during midday trading on Tuesday, reaching $38.82. 214,798 shares of the company’s stock traded hands. Vermilion Energy has a one year low of $38.60 and a one year high of $58.98. The company has a market capitalization of $4.70 billion and a price-to-earnings ratio of 62.61. The company has a 50-day moving average of $40.31 and a 200-day moving average of $46.45.
Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, July 26th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.36. The firm had revenue of $271.39 million during the quarter. Vermilion Energy had a net margin of 18.15% and a return on equity of 11.20%. Equities research analysts anticipate that Vermilion Energy will post $0.86 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be paid a $0.215 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date is Wednesday, July 26th.
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In related news, insider Mona Jean Jasinski sold 6,500 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of C$46.90, for a total value of C$304,850.00. Over the last ninety days, insiders purchased 1,250 shares of company stock valued at $49,915.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude oil and natural gas in North America, Europe, and Australia. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France.
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