Shares of Vermilion Energy Inc (TSE:VET) (NYSE:VET) have received a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$56.17.
Several research firms have weighed in on VET. BMO Capital Markets lowered their price target on Vermilion Energy from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Thursday, July 27th. Barclays PLC lowered their price target on Vermilion Energy from C$64.00 to C$50.00 in a research report on Monday, July 24th. Royal Bank Of Canada boosted their price target on Vermilion Energy from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. National Bank Financial lowered their price target on Vermilion Energy from C$60.00 to C$49.00 in a research report on Friday, June 23rd. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$62.50 price target on shares of Vermilion Energy in a research report on Monday, May 1st.
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Shares of Vermilion Energy (VET) opened at 39.83 on Friday. The company has a market cap of $4.83 billion and a PE ratio of 64.24. The company has a 50 day moving average price of $40.50 and a 200 day moving average price of $46.79. Vermilion Energy has a 52 week low of $38.60 and a 52 week high of $58.98.
Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, July 26th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.36. The business had revenue of $271.39 million for the quarter. Vermilion Energy had a return on equity of 11.20% and a net margin of 18.15%. On average, equities analysts expect that Vermilion Energy will post $0.86 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be paid a $0.215 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $2.58 annualized dividend and a yield of 6.48%.
In related news, insider Mona Jean Jasinski sold 6,500 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of C$46.90, for a total value of C$304,850.00. Insiders purchased a total of 1,250 shares of company stock valued at $49,915 over the last 90 days.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude oil and natural gas in North America, Europe, and Australia. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France.
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