Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price rose 20.3% during trading on Thursday . 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.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on VET. BMO Capital Markets lowered their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. CIBC reduced their price objective on Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday, April 10th. ATB Capital lowered their target price on Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating for the company in a report on Monday, December 30th. National Bankshares raised their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Atb Cap Markets cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$16.75.
Check Out Our Latest Stock Report on Vermilion Energy
Vermilion Energy Stock Performance
The stock has a market capitalization of C$1.34 billion, a price-to-earnings ratio of -1.63, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a 50 day simple moving average of C$11.34 and a 200-day simple moving average of C$12.92. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.00%. 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 presently -9.03%.
About Vermilion Energy
(
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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.
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