Vermilion Energy (TSE:VET) Reaches New 1-Year High – Still a Buy?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$14.49 and last traded at C$14.49, with a volume of 142800 shares traded. The stock had previously closed at C$14.12.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VET shares. Scotiabank boosted 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 report on Tuesday, January 20th. Desjardins boosted their price objective on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. BMO Capital Markets upped their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, December 11th. TD Securities lifted their price target on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, National Bank Financial boosted their price target 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. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Vermilion Energy has an average rating of “Hold” and an average target price of C$14.50.

Vermilion Energy Trading Up 4.9%

The company has a market capitalization of C$2.27 billion, a P/E ratio of -9.74, a PEG ratio of -0.02 and a beta of 1.24. The business has a 50 day moving average price of C$12.33 and a 200 day moving average price of C$11.52. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.5%. Vermilion Energy’s dividend payout ratio (DPR) is -33.55%.

Insider Activity

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was bought at an average price of C$11.56 per share, with a total value of C$57,800.00. Following the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$578,000. This represents a 11.11% increase in their ownership of the stock. 0.16% of the stock is owned by company insiders.

About Vermilion Energy

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.