Analysts Set Vermilion Energy Inc (VET) Target Price at $56.17
Vermilion Energy Inc (TSE:VET) (NYSE:VET) has earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$56.17.
Several research analysts have recently issued reports on the company. BMO Capital Markets decreased their price target on Vermilion Energy from C$50.00 to C$48.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. National Bank Financial decreased their price target on Vermilion Energy from C$60.00 to C$49.00 in a research note on Friday, June 23rd. Barclays PLC decreased their price target on Vermilion Energy from C$64.00 to C$50.00 in a research note on Monday, July 24th. Finally, Royal Bank Of Canada increased their price target on Vermilion Energy from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th.
Vermilion Energy (TSE VET) traded up 1.55% during midday trading on Friday, reaching $41.92. The company’s stock had a trading volume of 294,586 shares. The company has a market capitalization of $5.08 billion and a price-to-earnings ratio of 67.61. The company’s 50-day moving average price is $40.17 and its 200-day moving average price is $44.70. Vermilion Energy has a 1-year low of $38.33 and a 1-year high of $58.98.
Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, July 26th. The company reported C$0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.04 by C$0.36. Vermilion Energy had a return on equity of 11.88% and a net margin of 19.03%. The company had revenue of C$271.39 million during the quarter. On average, analysts predict that Vermilion Energy will post $0.82 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, July 28th were paid a dividend of $0.215 per share. The ex-dividend date was Wednesday, July 26th. This represents a $2.58 annualized dividend and a yield of 6.15%.
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About Vermilion Energy
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