Vermilion Energy Inc (TSE:VET) (NYSE:VET) has been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$53.56.
VET has been the topic of several recent research reports. National Bank Financial decreased their target price on shares of Vermilion Energy from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 2nd. Barclays lifted their price target on shares of Vermilion Energy from C$51.00 to C$59.00 in a report on Wednesday, January 17th. CIBC lifted their price target on shares of Vermilion Energy from C$52.00 to C$55.00 in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. set a C$50.00 price target on shares of Vermilion Energy and gave the company an “overweight” rating in a report on Monday, February 12th.
Shares of Vermilion Energy (TSE VET) remained flat at $C$40.56 during trading on Friday. 69,186 shares of the stock traded hands, compared to its average volume of 438,500. Vermilion Energy has a fifty-two week low of C$38.33 and a fifty-two week high of C$51.03. The firm has a market capitalization of $4,930.00, a price-to-earnings ratio of 79.53 and a beta of 0.32.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.215 per share. This represents a $2.58 annualized dividend and a yield of 6.36%. The ex-dividend date is Tuesday, February 27th. Vermilion Energy’s dividend payout ratio is currently 505.88%.
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About Vermilion Energy
Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.
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