Vermilion Energy (TSE:VET) PT Lowered to C$15.00 at JPMorgan Chase & Co.

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price cut by JPMorgan Chase & Co. from C$18.00 to C$15.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other brokerages also recently commented on VET. BMO Capital Markets lowered their price objective on Vermilion Energy from C$21.00 to C$20.00 in a research report on Wednesday, July 3rd. Desjardins lowered their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a buy rating for the company in a research report on Tuesday, August 6th. Finally, Canaccord Genuity Group lowered their price objective on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of Moderate Buy and an average target price of C$21.00.

Vermilion Energy Stock Up 0.5 %

Shares of VET opened at C$12.53 on Thursday. The firm has a market cap of C$1.97 billion, a P/E ratio of -2.52, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. Vermilion Energy has a 12-month low of C$11.87 and a 12-month high of C$21.60. The company’s 50-day moving average price is C$13.92 and its 200 day moving average price is C$15.32. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). The business had revenue of C$478.93 million for the quarter, compared to analysts’ expectations of C$514.63 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. On average, sell-side analysts forecast that Vermilion Energy will post 1.9112782 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 3.83%. Vermilion Energy’s dividend payout ratio is currently -9.66%.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of C$13.54 per share, for a total transaction of C$67,700.00. 0.16% of the stock is owned by corporate insiders.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.