Vermilion Energy Inc. (VET) Price Target Increased to C$55.00 by Analysts at BMO Capital Markets
A number of other equities research analysts have also recently issued reports on the company. Barclays PLC reiterated an overweight rating and issued a C$45.00 target price on shares of Vermilion Energy in a research note on Wednesday, June 29th. Royal Bank Of Canada raised their target price on Vermilion Energy from C$43.00 to C$47.00 and gave the company a sector perform rating in a research note on Wednesday, August 10th. FirstEnergy Capital raised their target price on Vermilion Energy from C$47.50 to C$53.00 in a research note on Tuesday, August 9th. RBC Capital Markets raised their target price on Vermilion Energy from C$43.00 to C$47.00 and gave the company a sector perform rating in a research note on Tuesday, August 9th. Finally, Scotiabank raised their target price on Vermilion Energy from C$52.50 to C$56.50 and gave the company an outperform rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Vermilion Energy presently has an average rating of Buy and a consensus price target of C$52.50.
Shares of Vermilion Energy (TSE:VET) traded down 0.89% during midday trading on Thursday, reaching $52.15. 153,129 shares of the company were exchanged. The firm’s 50 day moving average is $48.54 and its 200-day moving average is $43.49. The company’s market capitalization is $6.08 billion. Vermilion Energy has a 52-week low of $29.71 and a 52-week high of $53.30.
The firm also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be given a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, September 20th.
In related news, insider Curtis W. Hicks sold 10,000 shares of Vermilion Energy stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$50.00, for a total value of C$500,000.00. Also, insider Mona Jean Jasinski sold 2,020 shares of Vermilion Energy stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of C$49.50, for a total value of C$99,990.00.
About Vermilion Energy
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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