Vermilion Energy (TSE:VET) Trading Up 20.3% – Here’s What Happened

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shot up 20.3% during trading on Thursday . The company traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares changed hands during trading, an increase of 228% from the average session volume of 764,972 shares. The stock had previously closed at C$7.72.

Analysts Set New Price Targets

VET has been the subject of several research reports. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, December 30th. National Bankshares boosted their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. TD Securities lowered their price target on shares of 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, BMO Capital Markets cut their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Vermilion Energy has an average rating of “Moderate Buy” and a consensus price target of C$17.06.

Vermilion Energy Trading Up 20.3 %

The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The stock has a market cap of C$1.44 billion, a PE ratio of -1.75, a P/E/G ratio of -0.02 and a beta of 2.60. The firm has a 50-day simple moving average of C$11.62 and a 200-day simple moving average of C$13.02.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost 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.