Vermilion Energy (TSE:VET) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.87 and traded as high as C$15.00. Vermilion Energy shares last traded at C$14.76, with a volume of 508,688 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VET shares. ATB Capital cut their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Monday, December 30th. Royal Bank of Canada reduced their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, December 30th. BMO Capital Markets cut Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. TD Securities cut their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, National Bankshares upped their price target on Vermilion Energy from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$18.45.

Vermilion Energy Price Performance

The company has a fifty day moving average of C$13.87 and a 200-day moving average of C$13.86. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. The stock has a market cap of C$2.29 billion, a PE ratio of -2.87, a P/E/G ratio of -0.02 and a beta of 2.60.

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

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.27%. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is currently owned by corporate 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.