Vermilion Energy (TSE:VET) Upgraded at TD Securities

TD Securities upgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other brokerages have also weighed in on VET. TD upgraded Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 price target on the stock in a research note on Wednesday. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada lifted their target price on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. 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 report on Friday, March 27th. Finally, National Bank Financial cut their price target on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.12.

Vermilion Energy Stock Up 0.3%

Shares of VET stock opened at C$15.89 on Wednesday. The stock’s fifty day moving average price is C$14.81 and its 200 day moving average price is C$15.25. Vermilion Energy has a 1-year low of C$9.71 and a 1-year high of C$20.31. The company has a market cap of C$2.43 billion, a price-to-earnings ratio of -3.00, a price-to-earnings-growth ratio of -0.02 and a beta of 0.23. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, May 6th. The company reported C($0.95) 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, research analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s payout ratio is presently -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.