Vermilion Energy (TSE:VET) Shares Up 20.3% – Should You Buy?

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) traded up 20.3% during trading on Wednesday . The stock traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares were traded during mid-day 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

Several analysts have weighed in on VET shares. TD Securities dropped their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Desjardins cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Royal Bank of Canada cut their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. National Bankshares raised their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, ATB Capital dropped their price objective on 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Stock Performance

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 cap of C$1.31 billion, a P/E ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a 50 day moving average price of C$11.42 and a 200-day moving average price of C$12.95.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s payout ratio is currently -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.