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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.70 and traded as high as C$16.96. Vermilion Energy shares last traded at C$16.65, with a volume of 756,185 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. National Bank Financial cut their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating and increased their price target for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Desjardins raised their target price on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research report on Monday, March 9th. Royal Bank Of Canada raised their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$16.00 to C$24.00 in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$19.29.

Vermilion Energy Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 63.73. The firm has a market capitalization of C$2.43 billion, a PE ratio of -2.99, a P/E/G ratio of -0.02 and a beta of 0.26. The company has a fifty day moving average price of C$17.25 and a two-hundred day moving average price of C$14.73.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.95) EPS for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. The company had revenue of C$519.13 million for the quarter. Sell-side analysts forecast that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 3.4%. Vermilion Energy’s dividend payout ratio is presently -9.91%.

Insider Buying and Selling

In related news, 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 sale, the insider owned 30,527 shares of the company’s stock, valued at approximately C$595,581.77. This represents a 17.18% decrease in their position. Also, insider Gerard Schut sold 10,000 shares of the stock in a transaction 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 transaction, the insider directly owned 94,268 shares in the company, valued at approximately C$1,791,092. This represents a 9.59% decrease in their position. 0.16% of the stock is currently owned by corporate 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.