Shares of Vermilion Energy (TSE:VET) (NYSE:VET) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is C$53.56.
Several research analysts recently issued reports on VET shares. National Bank Financial reduced their target price on 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. JPMorgan Chase set a C$50.00 target price on Vermilion Energy and gave the company an “overweight” rating in a research report on Monday, February 12th. Barclays upped their target price on Vermilion Energy from C$51.00 to C$59.00 in a research report on Wednesday, January 17th. Finally, CIBC upped their target price on Vermilion Energy from C$52.00 to C$55.00 in a research report on Tuesday, January 23rd.
Shares of VET traded down C$0.59 during trading hours on Tuesday, hitting C$41.56. The company had a trading volume of 371,590 shares, compared to its average volume of 438,030. Vermilion Energy has a one year low of C$38.33 and a one year high of C$50.95.
Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Thursday, March 1st. The company reported C$0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.16). The company had revenue of C$317.34 million during the quarter, compared to the consensus estimate of C$309.15 million. Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%.
The company also recently declared a monthly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.215 per share. The ex-dividend date was Tuesday, February 27th. This represents a $2.58 annualized dividend and a yield of 6.21%.
In other news, Director Lorenzo Donadeo sold 400,000 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of C$41.26, for a total value of C$16,504,000.00. Also, insider Terrance Gerald Hergott sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of C$40.00, for a total value of C$100,000.00. In the last quarter, insiders have sold 434,500 shares of company stock worth $17,906,400.
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Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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