Royal Bank of Canada Boosts Vermilion Energy (TSE:VET) Price Target to C$25.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective upped by Royal Bank of Canada from C$22.00 to C$25.00 in a report released on Wednesday, MarketBeat reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages also recently weighed in on VET. Canaccord Genuity Group set a C$24.50 target price on shares of Vermilion Energy and gave the company a buy rating in a research note on Friday, July 21st. Stifel Nicolaus dropped their target price on shares of Vermilion Energy from C$31.00 to C$29.00 in a report on Friday, July 14th. Raymond James lifted their price target on shares of Vermilion Energy from C$24.00 to C$26.00 and gave the stock an outperform rating in a research note on Friday, September 8th. Finally, Desjardins cut shares of Vermilion Energy from a buy rating to a hold rating and lowered their target price for the company from C$27.50 to C$22.00 in a research note on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of Moderate Buy and an average price target of C$25.65.

Vermilion Energy Trading Down 1.8 %

Vermilion Energy stock opened at C$20.73 on Wednesday. The stock has a market cap of C$3.40 billion, a P/E ratio of 2.47, a PEG ratio of -0.02 and a beta of 2.90. Vermilion Energy has a fifty-two week low of C$14.55 and a fifty-two week high of C$34.00. The firm’s fifty day moving average price is C$18.97 and its 200-day moving average price is C$17.61. The company has a debt-to-equity ratio of 24.97, a quick ratio of 0.40 and a current ratio of 0.85.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, August 2nd. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.32 by C$0.44. Vermilion Energy had a return on equity of 36.12% and a net margin of 41.79%. The business had revenue of C$471.36 million for the quarter. Equities research analysts forecast that Vermilion Energy will post 3.3270142 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.93%. Vermilion Energy’s payout ratio is presently 4.77%.

Vermilion Energy Company Profile

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. The company owns 82% working interest in 796,648 net acres of developed land and 85% working interest in 384,237 net acres of undeveloped land in Canada; 149,043 net acres of land in the Powder River basin in the United States; 96% working interest in 258,125 net acres of developed land and 100% working interest in 106,993 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 1,604,206 net acres of land in the Netherlands; 107,351 net developed acres and 1,549,929 net undeveloped acres in Germany; 975,374 net acres land in Croatia; 614,625 net acres land in Hungary; and 97,907 net acres land in Slovakia.