Vermilion Energy (TSE:VET) Price Target Cut to C$40.00 by Analysts at Canaccord Genuity

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective cut by Canaccord Genuity from C$45.00 to C$40.00 in a research note published on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. CSFB reiterated a neutral rating and set a C$32.00 price target on shares of Vermilion Energy in a research report on Tuesday, July 16th. GMP Securities lowered Vermilion Energy from a buy rating to a hold rating and reduced their price target for the stock from C$39.00 to C$30.00 in a research report on Friday, June 28th. JPMorgan Chase & Co. reduced their price target on Vermilion Energy from C$43.00 to C$39.00 in a research report on Monday, July 29th. Royal Bank of Canada reduced their price target on Vermilion Energy from C$33.00 to C$32.00 and set a sector perform rating for the company in a research report on Tuesday. Finally, TD Securities reduced their price target on Vermilion Energy from C$40.00 to C$39.00 and set a hold rating for the company in a research report on Friday, April 26th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$35.67.

Shares of VET stock opened at C$22.22 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 72.05. Vermilion Energy has a 1 year low of C$21.97 and a 1 year high of C$44.22. The stock’s fifty day simple moving average is C$27.07. The firm has a market cap of $3.58 billion and a price-to-earnings ratio of 11.60.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, July 30th. This represents a $2.76 dividend on an annualized basis and a yield of 12.42%. Vermilion Energy’s dividend payout ratio (DPR) is presently 144.05%.

In other news, Senior Officer Robert John Engbloom sold 3,984 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$31.30, for a total value of C$124,699.20. Following the sale, the insider now owns 34,696 shares of the company’s stock, valued at approximately C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 10,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$27.06, for a total value of C$270,564.00. Following the completion of the sale, the insider now directly owns 40,817 shares in the company, valued at approximately C$1,104,361.08. Insiders have sold a total of 20,699 shares of company stock valued at $584,089 in the last quarter.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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