Vermilion Energy (TSE:VET) Stock Price Up 20.3% – Here’s What Happened

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price traded up 20.3% during mid-day trading on Thursday . The company traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares traded hands during trading, an increase of 228% from the average session volume of 764,972 shares. The stock had previously closed at C$7.72.

Analyst Ratings Changes

A number of analysts have recently commented on VET shares. National Bankshares boosted their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. TD Securities dropped their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. ATB Capital dropped their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. Finally, Desjardins cut Vermilion Energy from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$17.06.

Vermilion Energy Price Performance

The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -1.75, a P/E/G ratio of -0.02 and a beta of 2.60. The company’s 50-day simple moving average is C$11.62 and its 200-day simple moving average is C$13.02.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.13 dividend. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 5.60%. Vermilion Energy’s payout ratio is -9.03%.

Vermilion Energy Company Profile

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.