Vermilion Energy (TSE:VET) Sets New 12-Month High on Analyst Upgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price hit a new 52-week high during mid-day trading on Wednesday after National Bankshares raised their price target on the stock from C$14.50 to C$18.50. National Bankshares currently has an outperform rating on the stock. Vermilion Energy traded as high as C$14.00 and last traded at C$13.93, with a volume of 2046959 shares changing hands. The stock had previously closed at C$13.65.

VET has been the topic of a number of other research reports. Scotiabank boosted their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. ATB Capital lifted their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 11th. Desjardins boosted their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a research note on Monday, November 24th. BMO Capital Markets raised their price objective on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, December 11th. Finally, TD Securities lifted their target price on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$14.50.

Insider Transactions at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the stock in a transaction on Monday, December 15th. The shares were bought at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at approximately C$578,000. This trade represents a 11.11% increase in their position. 0.16% of the stock is owned by insiders.

Vermilion Energy Price Performance

The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The company has a market capitalization of C$2.04 billion, a price-to-earnings ratio of -8.74, a price-to-earnings-growth ratio of -0.02 and a beta of 1.24. The stock’s 50-day moving average price is C$12.10 and its 200-day moving average price is C$11.36.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$452.18 million for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. Equities research analysts anticipate that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. Vermilion Energy’s dividend payout ratio is presently -33.55%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.