Vermilion Energy (TSE:VET) Hits New 12-Month Low on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price reached a new 52-week low on Monday after TD Securities lowered their price target on the stock from C$18.00 to C$17.00. TD Securities currently has a buy rating on the stock. Vermilion Energy traded as low as C$11.84 and last traded at C$12.56, with a volume of 1650660 shares traded. The stock had previously closed at C$12.73.

A number of other analysts have also issued reports on the company. Canaccord Genuity Group lowered their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. National Bankshares decreased their target price on Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Finally, Royal Bank of Canada dropped their price target on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.27.

Vermilion Energy Stock Down 0.7 %

The business has a fifty day moving average of C$13.67 and a 200 day moving average of C$14.04. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40. The stock has a market capitalization of C$1.97 billion, a price-to-earnings ratio of -2.47, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. As a group, equities analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.80%. Vermilion Energy’s dividend payout ratio is presently -9.39%.

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.