Vermilion Energy (NYSE:VET) Stock Price Up 7.3%

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shot up 7.3% on Thursday . The stock traded as high as $12.36 and last traded at $12.08. 591,079 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,207,215 shares. The stock had previously closed at $11.26.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Vermilion Energy Stock Up 7.9 %

The company has a market capitalization of $1.94 billion, a P/E ratio of -10.92 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.10. The company has a 50 day moving average of $11.82 and a 200-day moving average of $12.09.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.78). Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The business had revenue of $376.85 million during the quarter. During the same period in the prior year, the business posted $0.77 EPS. As a group, equities analysts anticipate that Vermilion Energy Inc. will post 1.85 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0888 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 2.92%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s payout ratio is -26.13%.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently modified their holdings of VET. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Vermilion Energy during the 4th quarter valued at about $84,000. Citigroup Inc. grew its holdings in Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 1,932 shares during the period. AGF Management Ltd. bought a new position in shares of Vermilion Energy during the 4th quarter valued at approximately $143,000. Bank of Nova Scotia Trust Co. bought a new position in shares of Vermilion Energy in the third quarter worth approximately $147,000. Finally, Moody Aldrich Partners LLC purchased a new stake in Vermilion Energy in the 3rd quarter worth $157,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.