Vermilion Energy (NYSE:VET) Share Price Crosses Below Two Hundred Day Moving Average on Disappointing Earnings

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) passed below its 200-day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a 200-day moving average of $11.62 and traded as low as $10.60. Vermilion Energy shares last traded at $10.7550, with a volume of 4,775,474 shares traded.

The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.43). Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of C$0.14 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, December 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -18.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Vermilion Energy in a research report on Friday, October 9th. Desjardins upgraded Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Weiss Ratings lowered shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Finally, Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Institutional Investors Weigh In On Vermilion Energy

A number of large investors have recently bought and sold shares of VET. EverSource Wealth Advisors LLC raised its position in shares of Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares during the period. Drum Hill Capital LLC lifted its stake in shares of Vermilion Energy by 0.7% in the third quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock worth $4,238,000 after buying an additional 2,587 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in shares of Vermilion Energy by 1,493.3% in the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock worth $54,000 after buying an additional 4,480 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Vermilion Energy by 27.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 33,304 shares of the oil and gas company’s stock worth $457,000 after buying an additional 7,095 shares during the period. Finally, Amundi bought a new stake in shares of Vermilion Energy during the 1st quarter worth $143,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Trading Down 13.1%

The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average is $12.59 and its 200-day moving average is $11.62. The firm has a market capitalization of $1.63 billion, a P/E ratio of -5.09 and a beta of 0.52.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.