Vermilion Energy (TSE:VET) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a hold rating to a moderate buy rating in a report published on Friday morning, Marketbeat Ratings reports. ATB Cormark Capital Markets currently has C$24.00 price objective on the stock, up from their prior price objective of C$16.00.

A number of other research firms have also commented on VET. Scotiabank lifted their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial raised their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. BMO Capital Markets lifted their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research report on Thursday, December 11th. Royal Bank Of Canada boosted their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 5th. Finally, TD Securities cut Vermilion Energy from a “buy” rating to a “hold” rating and increased their price target for the company from C$14.00 to C$16.00 in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Vermilion Energy currently has an average rating of “Hold” and a consensus price target of C$15.83.

Vermilion Energy Trading Up 5.0%

Shares of VET opened at C$19.31 on Friday. The firm has a market cap of C$2.95 billion, a price-to-earnings ratio of -4.54, a PEG ratio of -0.02 and a beta of 1.12. The firm has a 50 day moving average price of C$14.94 and a 200-day moving average price of C$12.66. Vermilion Energy has a fifty-two week low of C$7.29 and a fifty-two week high of C$20.31. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.40 and a current ratio of 0.84.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s payout ratio is presently -12.24%.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the transaction, the insider directly owned 94,268 shares in the company, valued at C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. 0.16% of the stock is currently owned by insiders.

Vermilion Energy Company Profile

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.