Vermilion Energy (TSE:VET) Trading Up 20.3% - Still a Buy?

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shot up 20.3% during trading on Thursday . The company traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares traded hands during trading, an increase of 228% from the average session volume of 764,972 shares. The stock had previously closed at C$7.72.

Analysts Set New Price Targets

VET has been the topic of several recent analyst reports. Desjardins lowered Vermilion Energy from a "buy" rating to a "hold" rating and dropped their target price for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. 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 report on Thursday, January 30th. BMO Capital Markets decreased their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. CIBC dropped their price target on shares of Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday, April 10th. Finally, ATB Capital reduced their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating for the company in a research report on Monday, December 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.75.

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Vermilion Energy Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of -1.63, a PEG ratio of -0.02 and a beta of 2.60. The stock's 50 day moving average is C$11.34 and its two-hundred day moving average is C$12.92.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 6.00%. 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. Vermilion Energy's payout ratio is -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.