Vermilion Energy Inc. (TSE:VET) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$21.54.

Several research firms have recently weighed in on VET. Raymond James decreased their price target on shares of Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. JPMorgan Chase & Co. cut their price objective on shares of Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a report on Friday, March 8th. ATB Capital cut their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Royal Bank of Canada lifted their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Finally, CIBC cut their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th.

Vermilion Energy Stock Performance

Vermilion Energy stock opened at C$16.21 on Thursday. The company has a 50 day moving average price of C$15.91 and a 200-day moving average price of C$16.52. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18. Vermilion Energy has a fifty-two week low of C$13.30 and a fifty-two week high of C$21.60. The company has a market capitalization of C$2.63 billion, a PE ratio of -11.18, a P/E/G ratio of -0.02 and a beta of 2.71.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. The firm had revenue of C$522.97 million during the quarter, compared to the consensus estimate of C$593.34 million. As a group, equities analysts forecast that Vermilion Energy will post 1.8666667 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.12 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 2.96%. The ex-dividend date was Wednesday, March 27th. Vermilion Energy’s payout ratio is currently -33.10%.

Insiders Place Their Bets

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total transaction of C$825,000.00. In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total transaction of C$825,000.00. Also, Director Robert B. Michaleski bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of C$14.94 per share, with a total value of C$149,400.00. Corporate insiders own 0.15% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.