Vermilion Energy (TSE:VET) Price Target Increased to C$22.00 by Analysts at Stifel Nicolaus

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective hoisted by Stifel Nicolaus from C$20.25 to C$22.00 in a research report released on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a research report on Tuesday, April 9th. TD Securities upgraded shares of Vermilion Energy from a hold rating to a buy rating and lifted their price target for the company from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. Canaccord Genuity Group lifted their price target on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a buy rating in a research report on Wednesday, April 17th. ATB Capital dropped their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating for the company in a report on Thursday, January 18th. Finally, Raymond James dropped their price objective on shares of Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating for the company in a report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of Moderate Buy and a consensus target price of C$21.54.

Vermilion Energy Stock Performance

TSE:VET opened at C$16.52 on Tuesday. The company’s 50-day moving average price is C$15.98 and its 200-day moving average price is C$16.51. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93. The company has a market cap of C$2.68 billion, a P/E ratio of -11.39, a P/E/G ratio of -0.02 and a beta of 2.71. Vermilion Energy has a twelve month low of C$13.30 and a twelve month high of C$21.60.

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

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s payout ratio is currently -33.10%.

Insider Activity

In other Vermilion Energy news, Director Robert B. Michaleski bought 10,000 shares of the business’s stock in a transaction dated 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. In other news, Director Robert B. Michaleski acquired 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of C$14.94 per share, with a total value of C$149,400.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total transaction of C$825,000.00. 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.