Shares of Vermilion Energy Inc (TSE:VET) (NYSE:VET) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$50.33.
Several equities analysts recently commented on VET shares. National Bank Financial reduced their target price on shares of Vermilion Energy from C$58.00 to C$41.00 and set an “outperform” rating on the stock in a report on Monday, December 10th. Canaccord Genuity reduced their target price on shares of Vermilion Energy from C$55.00 to C$43.00 in a report on Thursday, January 10th. TD Securities reduced their target price on shares of Vermilion Energy from C$41.00 to C$40.00 and set a “buy” rating on the stock in a report on Friday, March 1st. BMO Capital Markets increased their target price on shares of Vermilion Energy from C$33.00 to C$35.00 in a report on Friday, March 1st. Finally, Raymond James increased their target price on shares of Vermilion Energy from C$41.50 to C$44.00 and gave the company a “strong-buy” rating in a report on Friday, March 1st.
VET stock opened at C$34.02 on Tuesday. The company has a debt-to-equity ratio of 67.99, a quick ratio of 0.51 and a current ratio of 0.76. Vermilion Energy has a 52 week low of C$26.67 and a 52 week high of C$49.67. The firm has a market cap of $5.07 billion and a P/E ratio of 17.81.
The business also recently announced a monthly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were given a $0.23 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $2.76 annualized dividend and a dividend yield of 8.11%. Vermilion Energy’s dividend payout ratio is 144.50%.
In other Vermilion Energy news, Senior Officer Mona Jean Jasinski purchased 2,830 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The stock was bought at an average cost of C$31.13 per share, for a total transaction of C$88,108.65. Following the purchase, the insider now directly owns 33,771 shares in the company, valued at C$1,051,419.56.
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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