Vermilion Energy (TSE:VET) Trading 20.3% Higher – Should You Buy?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares were up 20.3% on Wednesday . The stock traded as high as C$9.41 and last traded at C$9.29. Approximately 2,511,157 shares traded hands 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Royal Bank of Canada decreased their price objective on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. TD Securities decreased their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Trading Up 5.4 %

The firm has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. 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 company’s 50-day simple moving average is C$11.42 and its 200 day simple moving average is C$12.95.

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 dividend of $0.13 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. Vermilion Energy’s dividend 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.