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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares were up 20.3% on Wednesday . 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VET shares. Royal Bank of Canada decreased 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 research report on Monday, December 30th. BMO Capital Markets lowered their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Atb Cap Markets cut 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 Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, ATB Capital cut their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.06.

Vermilion Energy Stock Up 20.3 %

The company’s fifty day simple moving average is C$11.79 and its 200 day simple moving average is C$13.07. The firm has a market capitalization of C$1.44 billion, a P/E 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.

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 5.60%. Vermilion Energy’s dividend payout ratio (DPR) 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.