Vermilion Energy (TSE:VET) Shares Up 20.3% - Time to Buy?

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET were up 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 trading, an increase of 228% from the average daily volume of 764,972 shares. The stock had previously closed at C$7.72.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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 note on Monday, December 30th. Desjardins downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. Royal Bank of Canada lowered their price target on Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a research report on Monday, December 30th. Finally, National Bankshares boosted their price objective 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$16.75.

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Vermilion Energy Stock 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 50-day moving average of C$11.34 and a 200 day moving average of C$12.92. The stock has a market capitalization of C$1.34 billion, a P/E ratio of -1.63, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.00%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy's dividend payout ratio (DPR) is presently -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.