Vermilion Energy (TSE:VET) Stock Rating Reaffirmed by CSFB

CSFB reaffirmed their neutral rating on shares of Vermilion Energy (TSE:VET) (NYSE:VET) in a report published on Tuesday, BayStreet.CA reports. The firm currently has a C$32.00 price target on the stock.

A number of other research analysts have also recently commented on the company. Raymond James set a $33.00 price target on LKQ and gave the stock a buy rating in a research note on Friday, April 26th. BMO Capital Markets restated a hold rating and set a $9.50 price target on shares of Vicon Industries in a research note on Friday, June 14th. Eight Capital restated a buy rating and set a C$42.00 price target on shares of Vermilion Energy in a research note on Monday, June 10th. TD Securities upped their price target on Waste Connections from $88.00 to $94.00 and gave the stock a hold rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their price target on Vermilion Energy from C$42.00 to C$43.00 in a research note on Monday, May 13th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$38.75.

TSE:VET opened at C$26.08 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 72.05. The stock’s fifty day moving average price is C$28.08. Vermilion Energy has a 52 week low of C$25.70 and a 52 week high of C$47.98. The firm has a market capitalization of $4.27 billion and a PE ratio of 13.61.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Thursday, April 25th. The company reported C$0.26 EPS for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.07). The business had revenue of C$481.08 million during the quarter. As a group, equities analysts predict that Vermilion Energy will post 1.31 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.23 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Tuesday, July 30th. Vermilion Energy’s dividend payout ratio is currently 144.05%.

In other news, Senior Officer Robert John Engbloom sold 3,984 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$31.30, for a total transaction of C$124,699.20. Following the sale, the insider now owns 34,696 shares of the company’s stock, valued at C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$27.06, for a total value of C$270,564.00. Following the sale, the insider now directly owns 40,817 shares in the company, valued at approximately C$1,104,361.08. Insiders have sold 20,699 shares of company stock worth $584,089 in the last ninety days.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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