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

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) rose 20.3% during trading on Thursday . The stock traded as high as C$9.41 and last traded at C$9.29. Approximately 2,511,157 shares traded 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on VET. Royal Bank of Canada lowered their price objective on shares of 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. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. National Bankshares increased 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. TD Securities reduced 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. Finally, ATB Capital dropped their price target on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Up 5.4 %

The company 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. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The stock’s fifty day moving average is C$11.42 and its two-hundred day moving average is C$12.95.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a $0.13 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 6.16%. Vermilion Energy’s dividend payout ratio is -9.03%.

About Vermilion Energy

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.