Vermilion Energy (TSE:VET) Sets New 52-Week High – What’s Next?

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$16.87 and last traded at C$16.80, with a volume of 1184862 shares. The stock had previously closed at C$16.37.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, December 11th. Royal Bank Of Canada increased their price objective on shares of 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. Desjardins raised their price objective on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research report on Monday, March 9th. National Bank Financial boosted their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$14.94.

Vermilion Energy Trading Up 2.6%

The company has a quick ratio of 0.40, a current ratio of 0.84 and a debt-to-equity ratio of 58.60. The company has a market cap of C$2.58 billion, a P/E ratio of -11.05, a P/E/G ratio of -0.02 and a beta of 1.12. The business has a 50-day moving average price of C$13.84 and a two-hundred day moving average price of C$12.20.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.135 dividend. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.54 annualized dividend and a dividend yield of 3.2%. Vermilion Energy’s payout ratio is -33.55%.

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.