Vermilion Energy (TSE:VET) Reaches New 52-Week Low at $20.82

Vermilion Energy Inc (TSE:VET) (NYSE:VET)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$20.82 and last traded at C$20.88, with a volume of 1561115 shares. The stock had previously closed at C$22.22.

Several research firms have issued reports on VET. GMP Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$39.00 to C$30.00 in a research note on Friday, June 28th. National Bank Financial decreased their price target on shares of Vermilion Energy from C$36.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets decreased their price target on shares of Vermilion Energy from C$35.00 to C$30.00 in a research note on Tuesday, July 30th. CSFB reaffirmed a “neutral” rating and set a C$32.00 price target on shares of Vermilion Energy in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Vermilion Energy from C$43.00 to C$39.00 in a research note on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Vermilion Energy currently has a consensus rating of “Buy” and an average price target of C$35.67.

The firm has a 50-day moving average of C$26.67. The company has a debt-to-equity ratio of 75.62, a current ratio of 0.85 and a quick ratio of 0.62. The company has a market capitalization of $2.67 billion and a price-to-earnings ratio of 9.21.

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $2.76 annualized dividend and a dividend yield of 13.34%. Vermilion Energy’s dividend payout ratio is presently 122.89%.

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

Vermilion Energy Company Profile (TSE:VET)

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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