Canaccord Genuity Lowers Vermilion Energy (VET) Price Target to C$43.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective trimmed by Canaccord Genuity from C$55.00 to C$43.00 in a research note issued to investors on Thursday.

Several other brokerages have also recently commented on VET. National Bank Financial reduced their target price on 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. Raymond James raised Vermilion Energy from an outperform rating to a strong-buy rating and set a C$51.00 price target on the stock in a research note on Wednesday, November 14th. CIBC dropped their price target on Vermilion Energy from C$57.50 to C$50.00 in a research note on Friday, October 26th. BMO Capital Markets dropped their price target on Vermilion Energy from C$52.00 to C$45.00 in a research note on Friday, October 26th. Finally, Bank of America reissued a buy rating and issued a C$54.00 price target on shares of Vermilion Energy in a research note on Tuesday, September 18th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$53.62.

VET stock traded up C$0.36 during trading on Thursday, hitting C$31.92. The company had a trading volume of 589,663 shares, compared to its average volume of 1,016,855. Vermilion Energy has a one year low of C$26.67 and a one year high of C$50.46. The company has a current ratio of 0.52, a quick ratio of 0.43 and a debt-to-equity ratio of 73.75.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Thursday, October 25th. The company reported C$0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.53 by C($0.04). The company had revenue of C$508.41 million during the quarter, compared to analyst estimates of C$438.36 million. As a group, equities analysts anticipate that Vermilion Energy will post 1.69000022680391 EPS for the current year.

The firm also recently declared a monthly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were paid a $0.23 dividend. This represents a $2.76 annualized dividend and a yield of 8.65%. The ex-dividend date was Thursday, November 29th. Vermilion Energy’s dividend payout ratio (DPR) is presently -821.54%.

In other news, insider Terrance Gerald Hergott bought 5,000 shares of the stock in a transaction dated Monday, October 29th. The shares were bought at an average cost of C$35.01 per share, with a total value of C$175,050.00. Also, insider Michael Sam Kaluza sold 790 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The stock was sold at an average price of C$31.96, for a total value of C$25,248.40.

About Vermilion Energy

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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