Vermilion Energy Inc. (TSE:VET) had its price target lowered by Barclays from C$54.00 to C$39.00 in a research note published on Wednesday, Marketbeat.com reports. The firm currently has an overweight rating on the stock.

In other Vermilion Energy news, Director Kevin Jerome Reinhart purchased 2,800 shares of the business’s stock in a transaction on Monday, December 7th. The stock was bought at an average cost of C$35.00 per share, for a total transaction of C$98,000.00.

Vermilion Energy (TSE:VET) opened at 36.02 on Wednesday. The stock’s market capitalization is $4.01 billion. Vermilion Energy has a 12 month low of $29.71 and a 12 month high of $62.80. The company has a 50-day moving average price of $35.61 and a 200 day moving average price of $42.05.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Tuesday, February 16th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, January 20th. This represents a $2.58 annualized dividend and a yield of 7.16%. This is an increase from Vermilion Energy’s previous monthly dividend of $0.20.

VET has been the topic of a number of other research reports. Scotiabank lowered their price objective on Vermilion Energy from C$67.50 to C$62.50 in a report on Tuesday, September 29th. RBC Capital lowered their price objective on Vermilion Energy from C$55.00 to C$52.00 and set an outperform rating on the stock in a report on Tuesday, November 10th. CIBC lowered their price objective on Vermilion Energy from C$67.00 to C$61.00 in a report on Wednesday, September 23rd. Dundee Securities lowered Vermilion Energy from a buy rating to a neutral rating and set a C$40.00 price target on the stock. in a research note on Tuesday, January 12th. Finally, National Bank Financial decreased their price target on Vermilion Energy from C$54.00 to C$53.00 and set an outperform rating on the stock in a research note on Wednesday, January 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$54.58.

Vermilion Energy Inc. (TSE:VET) is engaged in the business of oil and natural gas exploitation, development, acquisition and production in Canada, France, Ireland, the Netherlands, Germany, Australia and the United States. It operates in seven business units: Canada, which includes revenues and expenditures related directly to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its 25% contractual participation interest in a four-partner consortium in Germany; Ireland, which relates to its 18.5% non-operated interest in the offshore Corrib natural gas field and related infrastructure; Australia, which relates to operations on the Wandoo offshore crude oil field, and United States, which relates to its operations in Wyoming in the Powder River Basin.

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