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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.39 and last traded at C$15.69, with a volume of 709133 shares trading hands. The stock had previously closed at C$14.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VET. Desjardins raised their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Monday, November 24th. BMO Capital Markets raised their price objective on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research note on Thursday, December 11th. National Bank Financial lifted 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 report on Tuesday, February 3rd. ATB Cormark Capital Markets increased their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 11th. Finally, TD Securities raised their price target on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$14.50.

Vermilion Energy Price Performance

The firm has a fifty day moving average of C$12.75 and a 200 day moving average of C$11.72. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a market capitalization of C$2.42 billion, a P/E ratio of -10.36, a P/E/G ratio of -0.02 and a beta of 1.24.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.3%. Vermilion Energy’s payout ratio is currently -33.55%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately C$578,000. This trade represents a 11.11% increase in their ownership of the stock. 0.16% of the stock is owned by insiders.

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.