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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.17 and traded as high as C$12.06. Vermilion Energy shares last traded at C$11.38, with a volume of 1,384,554 shares trading hands.

Analyst Upgrades and Downgrades

VET has been the topic of several recent analyst reports. Scotiabank upped their price target on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets upped their price target on Vermilion Energy from C$10.50 to C$12.00 and gave the company a “market perform” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$14.60.

Vermilion Energy Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The stock has a market cap of C$1.76 billion, a PE ratio of -9.33, a P/E/G ratio of -0.02 and a beta of 0.62. The company has a fifty day moving average of C$10.67 and a 200-day moving average of C$10.17.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, September 29th. Vermilion Energy’s payout ratio is currently -40.98%.

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.