Vermilion Energy (TSE:VET) Shares Down 13.8% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 13.8% during trading on Thursday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares traded hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

Other research analysts have also issued research reports about the company. Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. TD Securities reduced their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. ATB Capital decreased their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. National Bankshares raised their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The firm’s fifty day moving average price is C$11.42 and its 200 day moving average price is C$12.95. The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio is -9.03%.

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.