Vermilion Energy Inc (VET) Receives Average Recommendation of “Buy” from Analysts
Vermilion Energy Inc (TSE:VET) (NYSE:VET) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$56.17.
A number of research firms recently weighed in on VET. Barclays PLC decreased their price target on Vermilion Energy from C$64.00 to C$50.00 in a research report on Monday, July 24th. BMO Capital Markets dropped their price target on Vermilion Energy from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Thursday, July 27th. Royal Bank Of Canada boosted their price objective on Vermilion Energy from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, National Bank Financial cut their price objective on Vermilion Energy from C$60.00 to C$49.00 in a report on Friday, June 23rd.
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In related news, insider Gerard Schut sold 3,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$45.00, for a total transaction of C$135,000.00. Insiders have bought 1,250 shares of company stock worth $49,915 in the last quarter.
Vermilion Energy (VET) traded down 0.57% during midday trading on Wednesday, hitting $43.67. 315,957 shares of the company’s stock traded hands. The company has a 50 day moving average of $42.20 and a 200-day moving average of $44.02. The company has a market capitalization of $5.29 billion and a PE ratio of 70.44. Vermilion Energy has a 52 week low of $38.33 and a 52 week high of $58.98.
Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, July 26th. The company reported C$0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.36. The company had revenue of C$271.39 million for the quarter. Vermilion Energy had a return on equity of 11.88% and a net margin of 19.03%. Equities research analysts predict that Vermilion Energy will post $0.83 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.215 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.58 annualized dividend and a dividend yield of 5.91%.
About Vermilion Energy
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