Vermilion Energy (TSE:VET) Share Price Passes Above 200-Day Moving Average – What’s Next?

Vermilion Energy Inc. (TSE:VETGet Free Report) (NYSE:VET)’s stock price 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.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VET shares. JPMorgan Chase & Co. decreased their target price on Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Desjardins lowered their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Royal Bank of Canada cut their target price on shares of Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. TD Securities lowered their price target on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, Canaccord Genuity Group cut their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.36.

Get Our Latest Research Report on VET

Vermilion Energy Trading Up 2.7 %

The firm has a market cap of C$2.24 billion, a PE ratio of -2.81, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40. The stock’s fifty day simple moving average is C$13.36 and its 200-day simple moving average is C$14.49.

Vermilion Energy (TSE:VETGet Free Report) (NYSE:VET) last issued its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS 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 firm had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. On average, sell-side analysts forecast that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.34%. Vermilion Energy’s dividend payout ratio is presently -9.39%.

Insider Activity

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of C$13.54 per share, for a total transaction of C$67,700.00. Insiders own 0.16% of the company’s stock.

About Vermilion Energy

(Get Free Report)

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.

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