Vermilion Energy Inc (TSE:VET) (NYSE:VET) has received an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have covered the stock in the last year is C$53.56.
Several equities research analysts recently issued reports on the stock. National Bank Financial dropped their target price on shares of Vermilion Energy from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, March 2nd. JPMorgan Chase & Co. set a C$50.00 target price on shares of Vermilion Energy and gave the stock an “overweight” rating in a report on Monday, February 12th. CIBC raised their target price on shares of Vermilion Energy from C$52.00 to C$55.00 in a report on Tuesday, January 23rd. Finally, Barclays raised their target price on shares of Vermilion Energy from C$51.00 to C$59.00 in a report on Wednesday, January 17th.
Shares of Vermilion Energy (VET) traded down C$0.26 during mid-day trading on Friday, reaching C$39.60. 497,295 shares of the company traded hands, compared to its average volume of 447,347. Vermilion Energy has a 52 week low of C$38.33 and a 52 week high of C$51.03. The stock has a market capitalization of $4,810.00, a PE ratio of 77.65 and a beta of 0.32.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.215 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.58 annualized dividend and a yield of 6.52%. Vermilion Energy’s payout ratio is presently 505.88%.
About Vermilion Energy
Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.
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