ATB Capital Has Lowered Expectations for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lowered by ATB Capital from C$20.00 to C$17.50 in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

VET has been the subject of several other reports. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$20.00 to C$16.00 in a research note on Friday, October 4th. Royal Bank of Canada dropped their target price on shares of Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. Canaccord Genuity Group reduced their price target on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. TD Securities dropped their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, National Bankshares lifted their target price on Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and an average target price of C$18.77.

Vermilion Energy Stock Up 4.1 %

VET opened at C$13.53 on Monday. Vermilion Energy has a fifty-two week low of C$11.84 and a fifty-two week high of C$17.56. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The stock has a market cap of C$2.11 billion, a price-to-earnings ratio of -2.65, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The firm’s fifty day moving average is C$13.60 and its 200 day moving average is C$13.92.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The business had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. On average, sell-side analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.55%. Vermilion Energy’s payout ratio is currently -9.39%.

Insider Buying and Selling at Vermilion Energy

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of Vermilion Energy stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of C$12.92 per share, with a total value of C$64,600.00. Company insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

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.