Vermilion Energy (TSE:VET) Stock Price Up 20.3% - Here's Why

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price shot up 20.3% during mid-day trading on Thursday . The stock traded as high as C$9.41 and last traded at C$9.29. 2,511,157 shares were traded 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

A number of equities research analysts have commented on VET shares. ATB Capital decreased their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a research note on Monday, December 30th. Desjardins cut Vermilion Energy from a "buy" rating to a "hold" rating and cut their price target for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. TD Securities decreased their price target on shares of 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. CIBC dropped their target price on Vermilion Energy from C$17.00 to C$14.00 in a report on Thursday, April 10th. Finally, BMO Capital Markets dropped their price target on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Vermilion Energy currently has an average 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 debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The company has a market cap of C$1.35 billion, a PE ratio of -1.64, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The business has a fifty day simple moving average of C$11.34 and a two-hundred day simple moving average of C$12.92.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.96%. The ex-dividend date is Monday, March 31st. This is a positive change 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.