Vermilion Energy (TSE:VET) Trading 20.3% Higher – Here’s Why

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

Analyst Ratings Changes

Several brokerages have recently weighed in on VET. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. National Bankshares upped their target price 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. TD Securities dropped their target price on 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 reduced their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Finally, Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four 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, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$17.06.

Vermilion Energy Stock Performance

The firm has a market cap of C$1.44 billion, a price-to-earnings ratio of -1.75, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The firm has a fifty day simple moving average of C$11.79 and a two-hundred day simple moving average 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 paid a $0.13 dividend. 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. This represents a $0.52 dividend on an annualized basis and a yield of 5.60%. Vermilion Energy’s dividend payout ratio (DPR) is -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.