Vermilion Energy (TSE:VET) Upgraded to Strong-Buy 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 note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial cut their target price on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$16.00 to C$24.00 in a research report on Friday, March 27th. Royal Bank Of Canada raised their price objective 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. Desjardins set a C$16.00 price objective on Vermilion Energy and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, TD raised Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 target price on the stock in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$19.12.

Vermilion Energy Trading Up 7.8%

Shares of VET stock opened at C$15.53 on Wednesday. The stock has a market cap of C$2.38 billion, a P/E ratio of -2.93, a P/E/G ratio of -0.02 and a beta of 0.23. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73. Vermilion Energy has a fifty-two week low of C$9.71 and a fifty-two week high of C$20.31. The business has a fifty day simple moving average of C$14.88 and a 200-day simple moving average of C$15.21.

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

Vermilion Energy Announces Dividend

The business 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. This represents a $0.54 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is currently -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.