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

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.89 and traded as high as C$14.72. Vermilion Energy shares last traded at C$14.67, with a volume of 561,033 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. TD Securities cut their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. cut their target price on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. National Bankshares increased their price target on Vermilion Energy from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Canaccord Genuity Group cut their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$18.77.

Vermilion Energy Price Performance

The firm has a 50 day moving average price of C$13.67 and a two-hundred day moving average price of C$13.89. The company has a market cap of C$2.29 billion, a P/E ratio of -2.87, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share 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 the consensus estimate of C$497.45 million. On average, analysts predict that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date is 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 is -9.39%.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of C$12.92 per share, with a total value of C$64,600.00. Company 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.