Vermilion Energy (TSE:VET) PT Lowered to C$26.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target lowered by TD Securities from C$31.00 to C$26.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other brokerages have also recently issued reports on VET. CIBC cut their target price on Vermilion Energy from C$35.00 to C$32.50 in a report on Tuesday, July 30th. Canaccord Genuity lowered their price target on Vermilion Energy from C$45.00 to C$40.00 and set a buy rating for the company in a research report on Tuesday, July 30th. BMO Capital Markets lowered their price target on Vermilion Energy from C$35.00 to C$30.00 in a research report on Tuesday, July 30th. CSFB reissued a neutral rating and issued a C$32.00 price target on shares of Vermilion Energy in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lowered their price target on Vermilion Energy from C$43.00 to C$39.00 in a research report on Monday, July 29th. Four investment 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 company. The company presently has a consensus rating of Buy and an average price target of C$35.67.

Shares of VET opened at C$22.22 on Wednesday. Vermilion Energy has a 12-month low of C$21.97 and a 12-month high of C$44.22. The stock has a fifty day moving average price of C$27.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 72.05. The company has a market cap of $3.44 billion and a PE ratio of 11.60.

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

In related news, Senior Officer Robert John Engbloom sold 3,984 shares of the 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 completion of the sale, the insider now directly owns 34,696 shares of the company’s stock, valued at approximately C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 6,715 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of C$28.12, for a total value of C$188,825.80. Following the completion of the sale, the insider now directly owns 50,817 shares of the company’s stock, valued at C$1,428,974.04. Insiders sold a total of 20,699 shares of company stock valued at $584,089 over the last three months.

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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