Brokerages Set Vermilion Energy Inc. (TSE:VET) Price Target at C$15.17

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$15.17.

Several research firms recently weighed in on VET. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Royal Bank of Canada upped their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. BMO Capital Markets dropped their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Finally, TD Securities dropped their price target on Vermilion Energy from C$14.00 to C$12.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th.

Vermilion Energy Stock Up 1.8%

Shares of Vermilion Energy stock opened at C$9.47 on Friday. The stock’s fifty day moving average is C$9.13 and its 200-day moving average is C$11.77. The firm has a market capitalization of C$1.47 billion, a PE ratio of -1.78, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. Vermilion Energy has a 12-month low of C$7.29 and a 12-month high of C$16.29.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.13 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 5.49%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s payout ratio is -9.03%.

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.