Vermilion Energy (TSE:VET) Reaches New 1-Year High - What's Next?

Key Points

• Vermilion Energy's stock hit a new 52-week high, trading as high as C$16.39 (last C$16.25) on volume of 828,689 shares, up about 3% intraday.
• The company increased its quarterly dividend to C$0.135 (C$0.54 annualized), a 3.3% yield, with an ex-dividend date of March 13 and payment on March 31.
• Analysts remain mostly cautious — six Holds and one Buy — leaving an average consensus of Hold and an average target price of C$14.94 despite several recent target upgrades.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$16.39 and last traded at C$16.25, with a volume of 828689 shares trading hands. The stock had previously closed at C$15.79.

Analyst Ratings Changes

VET has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a "market perform" rating in a research note on Thursday, December 11th. Royal Bank Of Canada increased their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a "sector perform" rating in a report on Thursday, March 5th. TD Securities downgraded Vermilion Energy from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$14.00 to C$16.00 in a research note on Thursday, March 5th. Scotiabank raised their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 20th. Finally, ATB Cormark Capital Markets boosted their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$14.94.

Vermilion Energy Stock Up 3.0%

The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60. The stock's 50-day moving average price is C$13.44 and its 200-day moving average price is C$12.02. The company has a market cap of C$2.49 billion, a P/E ratio of -10.70, a PEG ratio of -0.02 and a beta of 1.12.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.135 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Vermilion Energy's previous quarterly dividend of $0.13. Vermilion Energy's dividend payout ratio (DPR) is -33.55%.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm's stock in a transaction on Monday, December 15th. The stock was acquired at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the purchase, the director owned 50,000 shares of the company's stock, valued at C$578,000. This trade represents a 11.11% increase in their position. Insiders own 0.16% of the company's stock.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.