Vermilion Energy (VET) Reaches New 52-Week Low at $39.84
Vermilion Energy Inc (TSE:VET) (NYSE:VET)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$39.84 and last traded at C$39.93, with a volume of 249799 shares traded. The stock had previously closed at C$40.23.
VET has been the subject of several research reports. TD Securities boosted their price target on shares of Vermilion Energy from C$54.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday, May 29th. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$53.00 to C$52.00 in a research note on Friday, April 27th. Canaccord Genuity boosted their price target on shares of Vermilion Energy from C$57.00 to C$60.00 in a research note on Tuesday, July 10th. National Bank Financial boosted their price target on shares of Vermilion Energy from C$51.00 to C$62.00 and gave the stock a “c$47.48” rating in a research note on Wednesday, July 18th. Finally, GMP Securities boosted their price target on shares of Vermilion Energy from C$54.00 to C$57.00 in a research note on Tuesday, May 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$58.36.
The company also recently announced a monthly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 30th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.92%.
About Vermilion Energy (TSE:VET)
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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