Desjardins Raises Vermilion Energy (TSE:VET) Price Target to C$21.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lifted by Desjardins from C$20.00 to C$21.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

VET has been the subject of several other reports. CIBC reduced their price objective on Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating for the company in a research note on Tuesday, January 16th. National Bankshares increased their price objective on Vermilion Energy from C$21.00 to C$22.00 and gave the company an outperform rating in a research note on Friday, April 19th. Stifel Nicolaus increased their price objective on Vermilion Energy from C$20.25 to C$22.00 and gave the company a buy rating in a research note on Tuesday. Canaccord Genuity Group increased their price objective on Vermilion Energy from C$20.00 to C$20.50 and gave the company a buy rating in a research note on Wednesday, April 17th. Finally, ATB Capital cut their target price on Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, January 18th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of C$21.54.

Vermilion Energy Trading Up 1.5 %

Shares of TSE:VET opened at C$16.45 on Tuesday. Vermilion Energy has a 1 year low of C$13.30 and a 1 year high of C$21.60. The firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of -11.34, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. The business’s 50 day moving average price is C$15.94 and its 200-day moving average price is C$16.52.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The firm had revenue of C$522.97 million during the quarter, compared to the consensus estimate of C$593.34 million. On average, equities research analysts forecast that Vermilion Energy will post 1.8666667 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.10%.

Insider Buying and Selling

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of C$16.10 per share, with a total value of C$48,300.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of C$16.10 per share, with a total value of C$48,300.00. Also, Director Robert B. Michaleski acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average cost of C$14.94 per share, with a total value of C$149,400.00. Corporate insiders own 0.15% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.