Vermilion Energy (TSE:VET) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.05 and traded as high as C$11.38. Vermilion Energy shares last traded at C$11.27, with a volume of 1,138,972 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VET shares. TD Securities upped their price target on 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. Scotiabank lifted their price objective on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. ATB Capital increased their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 11th. National Bankshares lowered their target price on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Finally, Desjardins raised their price objective on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$14.00.

Vermilion Energy Trading Up 2.0%

The business has a 50-day moving average of C$11.84 and a 200 day moving average of C$11.06. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The stock has a market cap of C$1.76 billion, a PE ratio of -7.56, a PEG ratio of -0.02 and a beta of 0.80.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. Vermilion Energy had a negative return on equity of 28.37% and a negative net margin of 42.01%.The firm had revenue of C$452.18 million for the quarter. Equities research analysts predict that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, December 15th. Vermilion Energy’s dividend payout ratio is presently -33.55%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was bought at an average price of C$11.56 per share, with a total value of C$57,800.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately C$578,000. This trade represents a 11.11% increase in their ownership of the stock. Insiders own 0.16% of the company’s stock.

About Vermilion Energy

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.