Vermilion Energy (TSE:VET) Trading 20.3% Higher – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares shot up 20.3% on Wednesday . The stock traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares changed hands 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.

Analysts Set New Price Targets

VET has been the subject of several analyst reports. ATB Capital cut 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. Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. BMO Capital Markets cut their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Royal Bank of Canada decreased their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, December 30th. Finally, CIBC cut their price target on Vermilion Energy from C$17.00 to C$14.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Up 5.4 %

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

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.13 per share. 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 dividend yield of 6.16%. 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.