BMO Capital Markets Issues Positive Forecast for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective upped by BMO Capital Markets from C$15.00 to C$17.00 in a report published on Friday,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

A number of other research firms also recently weighed in on VET. Royal Bank Of Canada lifted their price target on shares of 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. TD Securities raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. National Bank Financial lowered their price objective on 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. Desjardins set a C$16.00 price objective on Vermilion Energy and gave the company a “hold” rating in a report on Friday, July 17th. Finally, TD upgraded Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 target price for the company in a research report on Wednesday, July 22nd. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.75.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at C$16.68 on Friday. Vermilion Energy has a twelve month low of C$9.71 and a twelve month high of C$20.31. The company has a quick ratio of 0.40, a current ratio of 1.00 and a debt-to-equity ratio of 62.68. The company has a 50-day simple moving average of C$14.62 and a two-hundred day simple moving average of C$15.40. The stock has a market capitalization of C$2.55 billion, a price-to-earnings ratio of -5.75, a price-to-earnings-growth ratio of -0.02 and a beta of 0.23.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$0.86 earnings per share (EPS) for the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. The firm had revenue of C$563.07 million during the quarter. Analysts forecast that Vermilion Energy will post 1.3956262 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s payout ratio is currently -18.28%.

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.