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

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

VET has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, December 30th. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. BMO Capital Markets dropped their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. TD Securities dropped their price target on 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. Finally, ATB Capital decreased their price objective 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. 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 MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$17.06.

Vermilion Energy Stock Performance

The firm has a market capitalization of C$1.44 billion, a PE ratio of -1.75, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. 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 business’s 50 day simple moving average is C$11.62 and its two-hundred day simple moving average is C$13.02.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.13 per share. 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 dividend on an annualized basis and a yield of 5.60%. 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.