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

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

Analysts Set New Price Targets

VET has been the topic of several recent research reports. CIBC dropped their target price on Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday. ATB Capital decreased their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research note on Monday, December 30th. Royal Bank of Canada cut their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, December 30th. TD Securities decreased their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, BMO Capital Markets lowered their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Price Performance

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 firm has a market cap 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 stock has a 50 day moving average price of C$11.42 and a two-hundred day moving average price of C$12.95.

Vermilion Energy Increases Dividend

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