Vermilion Energy (TSE:VET) Trading Up 20.3% – Time to Buy?

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

Analyst Ratings Changes

A number of research firms recently weighed in on VET. National Bankshares boosted their target price on 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. Royal Bank of Canada reduced their target price on shares of 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. Desjardins downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. BMO Capital Markets reduced their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Finally, TD Securities lowered their target price on 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. Four research 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 an average rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Stock Performance

The company’s 50-day moving average price is C$11.42 and its 200 day moving average price is C$12.95. The stock has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 6.16%. Vermilion Energy’s dividend payout ratio (DPR) 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.