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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares were up 20.3% during mid-day 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 232% from the average daily volume of 757,014 shares. The stock had previously closed at C$7.72.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VET shares. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. ATB Capital dropped 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 research note on Monday, December 30th. Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. National Bankshares upped their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, CIBC reduced their price target on Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus target price 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 two-hundred day moving average price of C$12.95. 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 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 business also recently disclosed 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 represents a $0.52 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Monday, March 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s payout ratio is currently -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.