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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price traded up 20.3% on Wednesday . The stock traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares were traded during trading, an increase of 232% from the average session volume of 757,014 shares. The stock had previously closed at C$7.72.

Analyst Upgrades and Downgrades

VET has been the topic of several research reports. Atb Cap Markets lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. ATB Capital dropped their price objective 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. BMO Capital Markets cut their price target on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. TD Securities reduced their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, National Bankshares raised their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$17.06.

Vermilion Energy Trading Up 20.3 %

The company has a market cap of C$1.44 billion, a P/E ratio of -1.75, a PEG 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 has a 50 day moving average price of C$11.79 and a 200-day moving average price of C$13.07.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 5.60%. Vermilion Energy’s payout ratio is presently -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.