Vermilion Energy (TSE:VET) Stock Price Down 13.8% Following Analyst Downgrade

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares traded down 13.8% during mid-day trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares changed hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.Get Vermilion Energy alerts:A number of other equities research analysts have also issued reports on VET. BMO Capital Markets lowered their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Royal Bank of Canada reduced their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a research report on Monday, December 30th. ATB Capital lowered their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating for the company in a report on Monday, December 30th. Finally, TD Securities cut their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Vermilion Energy has a consensus rating of "Moderate Buy" and a consensus price target of C$16.75.Read Our Latest Research Report on Vermilion EnergyVermilion Energy Stock PerformanceThe stock's 50-day moving average price is C$11.52 and its 200-day moving average price is C$12.98. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a market capitalization of C$1.24 billion, a P/E ratio of -1.51, a P/E/G ratio of -0.02 and a beta of 2.60. Vermilion Energy Increases DividendThe firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.13 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 6.49%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. Vermilion Energy's dividend payout ratio (DPR) is currently -9.03%. Vermilion Energy Company Profile (Get Free Report)Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas.See AlsoFive stocks we like better than Vermilion EnergyWhat Are the U.K. Market Holidays? How to Invest and TradeJoby Aviation: Operational Momentum vs. Market Sentiment3 Fintech Stocks With Good 2021 ProspectsBroadcom's Big Outperformance Shows Strength Amid Tariff DeclineHow to Invest in the FAANG StocksCarvana: Can Turnaround Strength Outdrive Market Headwinds?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Vermilion Energy Right Now?Before you consider Vermilion Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vermilion Energy wasn't on the list.While Vermilion Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here