Vermilion Energy (NYSE:VET) Trading Up 6.1% – Time to Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price rose 6.1% during mid-day trading on Thursday . The company traded as high as $9.32 and last traded at $9.18. Approximately 452,697 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,135,702 shares. The stock had previously closed at $8.65.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

Vermilion Energy Trading Up 0.1 %

The company has a market cap of $1.38 billion, a price-to-earnings ratio of -2.37 and a beta of 1.99. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $9.78 and its 200-day moving average price is $10.19.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 4.01%. Vermilion Energy’s payout ratio is -9.36%.

Institutional Trading of Vermilion Energy

A number of institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Vermilion Energy by 2,569.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 3,674 shares during the last quarter. Marshall Wace LLP bought a new position in Vermilion Energy during the 2nd quarter valued at approximately $122,000. Net Worth Advisory Group bought a new stake in shares of Vermilion Energy in the 3rd quarter worth approximately $115,000. Blue Trust Inc. lifted its stake in Vermilion Energy by 601.9% in the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 12,002 shares during the period. Finally, Aigen Investment Management LP raised its stake in Vermilion Energy by 29.8% in the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after buying an additional 6,229 shares in the last quarter. 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.