Vermilion Energy Inc. (TSE:VET – Get Rating) (NYSE:VET) shares traded down 5.1% during mid-day trading on Thursday . The company traded as low as C$28.15 and last traded at C$28.41. 402,270 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,080,108 shares. The stock had previously closed at C$29.93.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Stifel Firstegy raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, June 30th. Scotiabank upped their target price on Vermilion Energy from C$36.00 to C$38.00 in a research report on Thursday, July 14th. JPMorgan Chase & Co. upped their target price on Vermilion Energy from C$22.00 to C$24.00 in a research report on Wednesday. Raymond James upped their price target on Vermilion Energy from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research report on Tuesday, July 5th. Finally, Stifel Nicolaus raised Vermilion Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$36.50 to C$40.00 in a research report on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$34.36.
Vermilion Energy Stock Performance
The stock has a market capitalization of C$4.67 billion and a P/E ratio of 5.22. The stock has a 50 day moving average of C$26.73 and a 200 day moving average of C$24.84. The company has a debt-to-equity ratio of 61.68, a quick ratio of 0.38 and a current ratio of 0.52.
Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) last issued its quarterly earnings data on Wednesday, May 11th. The company reported C$1.69 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.62. The company had revenue of C$810.18 million for the quarter. Equities analysts predict that Vermilion Energy Inc. will post 7.630816 EPS for the current year.
Vermilion Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Wednesday, June 29th. Vermilion Energy’s dividend payout ratio (DPR) is 1.11%.
Insider Buying and Selling
In other Vermilion Energy news, Senior Officer Gerard Schut sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of C$30.00, for a total transaction of C$300,000.00. Following the transaction, the insider now owns 88,609 shares of the company’s stock, valued at approximately C$2,658,270. In other news, Director Judy Ann Steele bought 2,000 shares of the business’s stock in a transaction on Tuesday, July 12th. The stock was purchased at an average cost of C$24.89 per share, for a total transaction of C$49,787.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately C$49,787. Also, Senior Officer Gerard Schut sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of C$30.00, for a total value of C$300,000.00. Following the completion of the sale, the insider now owns 88,609 shares of the company’s stock, valued at approximately C$2,658,270.
About Vermilion Energy
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.
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