National Bank Financial Brokers Reduce Earnings Estimates for Vermilion Energy Inc (VET)

Vermilion Energy Inc (TSE:VET) (NYSE:VET) – Equities research analysts at National Bank Financial dropped their FY2017 earnings per share estimates for Vermilion Energy in a research note issued on Monday, Zacks Investment Research reports. National Bank Financial analyst T. Wood now forecasts that the company will post earnings of $0.73 per share for the year, down from their prior forecast of $1.01. National Bank Financial currently has a “Outperform” rating and a $48.00 price objective on the stock. National Bank Financial also issued estimates for Vermilion Energy’s FY2018 earnings at $1.01 EPS.

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A number of other research firms have also weighed in on VET. Barclays PLC dropped their price objective on shares of Vermilion Energy from C$64.00 to C$50.00 in a research note on Monday, July 24th. BMO Capital Markets dropped their price objective on shares of Vermilion Energy from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Thursday, July 27th. Royal Bank Of Canada raised their price objective on shares of Vermilion Energy from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, TD Securities dropped their price objective on shares of Vermilion Energy from C$51.00 to C$50.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$54.56.

Vermilion Energy (TSE VET) traded up C$0.25 during trading on Thursday, hitting C$45.81. 190,300 shares of the company’s stock were exchanged, compared to its average volume of 380,198. Vermilion Energy has a 12-month low of C$38.33 and a 12-month high of C$58.98.

The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.58 annualized dividend and a dividend yield of 5.63%. Vermilion Energy’s dividend payout ratio is currently 629.27%.

In other news, insider Gerard Schut sold 3,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$45.00, for a total value of C$135,000.00.

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