Vermilion Energy (TSE:VET) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.49 and traded as high as C$14.50. Vermilion Energy shares last traded at C$14.35, with a volume of 960,277 shares trading hands.

Wall Street Analysts Forecast Growth

VET has been the subject of several recent research reports. Canaccord Genuity Group cut their target price on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. BMO Capital Markets cut Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. TD Securities lowered their price target on Vermilion Energy from C$20.00 to C$18.00 in a report on Tuesday, October 1st. National Bankshares lowered their price target on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Finally, Royal Bank of Canada lowered their price target on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$19.36.

Vermilion Energy Stock Performance

The company has a market cap of C$2.24 billion, a price-to-earnings ratio of -2.81, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The firm has a 50-day simple moving average of C$13.43 and a 200 day simple moving average of C$14.46. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The business had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. On average, sell-side analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.34%. Vermilion Energy’s dividend payout ratio (DPR) is -9.39%.

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.