Vermilion Energy (TSE:VET) Stock Crosses Above 200-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 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.

Analysts Set New Price Targets

VET has been the subject of a number of analyst reports. BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. TD Securities reduced their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. cut their price target on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. National Bankshares lifted their target price on Vermilion Energy from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Finally, Royal Bank of Canada decreased their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$18.77.

Vermilion Energy Stock Performance

The company’s 50-day simple moving average is C$13.70 and its 200-day simple moving average is C$13.88. The stock has a market cap of C$2.28 billion, a price-to-earnings ratio of -2.87, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). The company had revenue of C$490.10 million for the quarter, compared to analyst estimates of C$497.45 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. Analysts predict that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.39%.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of C$12.92 per share, for a total transaction of C$64,600.00. 0.16% of the stock is owned by 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.