Vermilion Energy (TSE:VET) Shares Up 20.3% – Still a Buy?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares shot 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 traded 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.

Wall Street Analyst Weigh In

VET has been the topic of a number of analyst reports. TD Securities decreased their price objective 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. BMO Capital Markets lowered their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. National Bankshares increased their price objective 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. ATB Capital reduced their target price on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Finally, Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and decreased their target price for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Up 5.4 %

The company has a market capitalization of C$1.31 billion, a P/E ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a 50-day moving average of C$11.42 and a two-hundred day moving average of C$12.95. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s payout ratio is -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.