Vermilion Energy (TSE:VET) Receives Buy Rating from Eight Capital

Eight Capital reaffirmed their buy rating on shares of Vermilion Energy (TSE:VET) (NYSE:VET) in a report released on Monday, BayStreet.CA reports. They currently have a C$42.00 price objective on the stock.

A number of other research firms have also commented on VET. TD Securities lowered Vermilion Energy from a buy rating to a hold rating and set a C$40.00 price target on the stock. in a research report on Thursday, April 18th. Raymond James upped their price target on Vermilion Energy from C$44.00 to C$45.00 and gave the company a strong-buy rating in a research report on Friday, April 26th. BMO Capital Markets upped their price target on Vermilion Energy from C$33.00 to C$35.00 in a research report on Friday, March 1st. Canaccord Genuity reduced their price target on Vermilion Energy from C$43.00 to C$41.00 in a research report on Friday, March 1st. Finally, National Bank Financial reduced their price target on Vermilion Energy from C$41.00 to C$40.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Vermilion Energy has an average rating of Buy and an average target price of C$46.18.

Shares of VET stock opened at C$26.76 on Monday. The firm has a market cap of $4.40 billion and a P/E ratio of 13.97. Vermilion Energy has a twelve month low of C$26.67 and a twelve month high of C$49.67. The company has a debt-to-equity ratio of 72.05, a quick ratio of 0.56 and a current ratio of 0.71.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Thursday, April 25th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.07). The business had revenue of C$481.08 million during the quarter. Equities research analysts expect that Vermilion Energy will post 1.3400001 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 10.31%. Vermilion Energy’s dividend payout ratio (DPR) is presently 144.05%.

In other news, Senior Officer Robert John Engbloom sold 3,984 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$31.30, for a total value of C$124,699.20. Following the transaction, the insider now directly owns 34,696 shares of the company’s stock, valued at approximately C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 6,715 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of C$28.12, for a total value of C$188,825.80. Following the completion of the transaction, the insider now directly owns 50,817 shares in the company, valued at C$1,428,974.04.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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