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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$16.29 and traded as high as C$19.24. Vermilion Energy shares last traded at C$19.17, with a volume of 1,620,063 shares traded.

Analyst Upgrades and Downgrades

VET has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. National Bank Financial boosted their price objective on shares of Vermilion Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Desjardins set a C$16.00 target price on shares of Vermilion Energy and gave the company a “hold” rating in a report on Friday, July 17th. Finally, TD raised their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$19.88.

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 62.68, a current ratio of 1.00 and a quick ratio of 0.40. The stock’s 50-day simple moving average is C$17.31 and its 200 day simple moving average is C$16.29. The stock has a market capitalization of C$2.90 billion, a P/E ratio of -6.56, a PEG ratio of -0.02 and a beta of 0.38.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.86 EPS for the quarter. The firm had revenue of C$563.07 million for the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. Research analysts expect that Vermilion Energy Inc. will post 1.40 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1350 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 2.8%. Vermilion Energy’s payout ratio is presently -18.28%.

About Vermilion Energy

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion’s priorities are health and safety, the environment, and profitability, in that order.