Vermilion Energy (TSE:VET) Stock Rating Lowered by BMO Capital Markets

BMO Capital Markets downgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from an outperform rating to a market perform rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. BMO Capital Markets currently has C$16.00 price objective on the stock, down from their previous price objective of C$20.00.

VET has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Canaccord Genuity Group cut their price target on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a research note on Thursday, August 1st. Desjardins cut their price target on Vermilion Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research note on Tuesday, August 6th. TD Securities cut their price target on Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada cut their price target on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$19.75.

Vermilion Energy Stock Performance

VET stock opened at C$14.24 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. The business’s fifty day simple moving average is C$13.44 and its two-hundred day simple moving average is C$15.10. Vermilion Energy has a twelve month low of C$11.87 and a twelve month high of C$21.30. The firm has a market cap of C$2.22 billion, a price-to-earnings ratio of -2.79, a PEG ratio of -0.02 and a beta of 2.62.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The business had revenue of C$478.93 million during the quarter, compared to analysts’ expectations of C$514.63 million. Analysts predict that Vermilion Energy will post 1.3855165 earnings per share for the current year.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 3.37%. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of C$13.54 per share, for a total transaction of C$67,700.00. 0.16% of the stock is owned by insiders.

Vermilion Energy Company Profile

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.