Vermilion Energy (TSE:VET) Given a C$16.00 Price Target at Desjardins

Desjardins set a C$16.00 price target on Vermilion Energy (TSE:VET) (NYSE:VET) in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$16.00 to C$24.00 in a research note on Friday, March 27th. National Bank Financial lowered their target price on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Royal Bank Of Canada increased their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$19.29.

Vermilion Energy Trading Up 1.2%

TSE:VET opened at C$13.76 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 63.73. Vermilion Energy has a 1-year low of C$9.71 and a 1-year high of C$20.31. The firm has a market capitalization of C$2.11 billion, a price-to-earnings ratio of -2.60, a PEG ratio of -0.02 and a beta of 0.23. The business’s 50-day moving average price is C$15.02 and its two-hundred day moving average price is C$15.12.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($0.95) earnings per share (EPS) for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. The business had revenue of C$519.12 million during the quarter. On average, equities analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 3.9%. Vermilion Energy’s dividend payout ratio (DPR) is -9.91%.

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.