Vermilion Energy (TSE:VET) Reaches New 52-Week Low Following Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price hit a new 52-week low during mid-day trading on Monday after ATB Capital lowered their price target on the stock from C$20.00 to C$17.50. ATB Capital currently has an outperform rating on the stock. Vermilion Energy traded as low as C$11.84 and last traded at C$12.56, with a volume of 1650660 shares changing hands. The stock had previously closed at C$12.73.

A number of other research firms also recently weighed in on VET. TD Securities cut their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reduced their price target on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. Canaccord Genuity Group decreased their price target on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their target price on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.86.

Vermilion Energy Stock Up 2.8 %

The firm’s 50-day moving average is C$13.63 and its two-hundred day moving average is C$14.02. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The stock has a market cap of C$2.05 billion, a P/E ratio of -2.57, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The business had revenue of C$490.10 million for the quarter, compared to the consensus estimate of C$497.45 million. On average, equities research analysts anticipate that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.66%. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.