Vermilion Energy (TSE:VET) Stock Price Up 20.3% – Time to Buy?

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) 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 were traded during mid-day 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

Several research firms 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. TD Securities reduced 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 note on Friday, December 20th. BMO Capital Markets dropped their price target on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. National Bankshares increased their price objective on 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. Finally, Desjardins cut Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$19.00 to C$14.00 in a 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. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of “Moderate Buy” and an average price target of C$16.75.

Vermilion Energy Stock Performance

The company has a market cap 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 business has a 50 day moving average price of C$11.42 and a two-hundred day moving average price of C$12.95. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy Increases Dividend

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