Vermilion Energy (TSE:VET) Stock Crosses Above 200 Day Moving Average – What’s Next?

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$14.15 and traded as high as C$17.44. Vermilion Energy shares last traded at C$17.27, with a volume of 689,175 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on VET shares. National Bank Financial lowered their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Scotiabank boosted their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Royal Bank Of Canada upped their target price on shares of Vermilion Energy from C$15.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Finally, ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$16.00 to C$24.00 in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$19.00.

Vermilion Energy Stock Performance

The stock’s fifty day simple moving average is C$17.33 and its two-hundred day simple moving average is C$14.15. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63. The company has a market cap of C$2.65 billion, a price-to-earnings ratio of -3.26, a price-to-earnings-growth ratio of -0.02 and a beta of 0.53.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share (EPS) for the quarter. The company had revenue of C$519.13 million during the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. Equities research analysts anticipate that Vermilion Energy Inc. will post 1.3956262 EPS for the current year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, March 13th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s payout ratio is -9.91%.

Insiders Place Their Bets

In other news, insider Gerard Schut sold 10,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the completion of the transaction, the insider owned 94,268 shares of the company’s stock, valued at approximately C$1,791,092. The trade was a 9.59% decrease in their ownership of the stock. Also, insider Yvonne Jeffery sold 6,332 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total value of C$123,537.32. Following the sale, the insider directly owned 30,527 shares in the company, valued at approximately C$595,581.77. This trade represents a 17.18% decrease in their position. 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.