Vermilion Energy Inc. (TSE:VET) Receives Consensus Rating of “Buy” from Analysts

Vermilion Energy Inc. (TSE:VETGet Rating) (NYSE:VET) has earned an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$31.10.

A number of analysts have recently commented on VET shares. ATB Capital upped their target price on Vermilion Energy from C$31.00 to C$36.00 and gave the stock a “na” rating in a research note on Thursday, June 2nd. Scotiabank upped their target price on Vermilion Energy from C$30.00 to C$36.00 in a research note on Wednesday, June 8th. Royal Bank of Canada upped their target price on Vermilion Energy from C$26.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday, April 29th. BMO Capital Markets upped their target price on Vermilion Energy from C$30.00 to C$35.00 in a research note on Monday, March 14th. Finally, Raymond James upped their target price on Vermilion Energy from C$30.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th.

In other news, Senior Officer Terrance Gerald Hergott sold 7,329 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of C$27.03, for a total value of C$198,066.96. Following the transaction, the insider now owns 9,872 shares in the company, valued at C$266,791.79. Also, Senior Officer Gerard Schut sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of C$30.00, for a total value of C$300,000.00. Following the completion of the transaction, the insider now owns 88,609 shares in the company, valued at approximately C$2,658,270.

Shares of VET stock opened at C$24.36 on Monday. The stock’s 50-day simple moving average is C$26.86 and its 200-day simple moving average is C$23.05. The company has a debt-to-equity ratio of 61.68, a quick ratio of 0.38 and a current ratio of 0.52. The firm has a market capitalization of C$4.02 billion and a PE ratio of 4.35. Vermilion Energy has a fifty-two week low of C$7.06 and a fifty-two week high of C$31.80.

Vermilion Energy (TSE:VETGet Rating) (NYSE:VET) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$1.69 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.62. The firm had revenue of C$810.18 million during the quarter. Sell-side analysts forecast that Vermilion Energy will post 6.5500005 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. Vermilion Energy’s dividend payout ratio is currently 1.07%.

About Vermilion Energy (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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