Vermilion Energy (TSE:VET) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.84 and traded as high as C$18.73. Vermilion Energy shares last traded at C$18.56, with a volume of 1,236,987 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on VET shares. Desjardins upped their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research note on Monday, March 9th. Scotiabank increased their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. National Bank Financial increased their target price on Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$16.00 to C$24.00 in a research note on Friday, March 27th. Finally, TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating and increased their target price for the stock from C$14.00 to C$16.00 in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$17.79.

Vermilion Energy Trading Up 0.9%

The firm has a market capitalization of C$2.83 billion, a PE ratio of -4.37, a P/E/G ratio of -0.02 and a beta of 0.53. The business has a 50 day moving average price of C$17.07 and a 200-day moving average price of C$13.84. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.135 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s payout ratio is currently -12.24%.

Insider Buying and Selling

In related news, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total value of C$190,000.00. Following the sale, the insider owned 94,268 shares in the company, valued at C$1,791,092. This represents a 9.59% decrease in their position. Also, insider Yvonne Jeffery sold 6,332 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total value of C$123,537.32. Following the completion of the sale, the insider owned 30,527 shares in the company, valued at approximately C$595,581.77. This represents a 17.18% decrease in their position. Corporate 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.