Vermilion Energy (TSE:VET) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.02 and traded as high as C$11.35. Vermilion Energy shares last traded at C$11.31, with a volume of 937,059 shares traded.

Analyst Upgrades and Downgrades

VET has been the subject of several recent analyst reports. National Bankshares decreased their target price on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. BMO Capital Markets boosted their price objective on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a report on Thursday, December 11th. Scotiabank upped their price objective on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. ATB Capital increased their target price on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Finally, Desjardins boosted their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$14.00.

Vermilion Energy Price Performance

The firm has a 50-day simple moving average of C$11.60 and a 200-day simple moving average of C$11.02. The firm has a market capitalization of C$1.73 billion, a PE ratio of -7.40, a PEG ratio of -0.02 and a beta of 0.82. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. The business had revenue of C$452.18 million for the quarter. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.6%. Vermilion Energy’s payout ratio is -33.55%.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were bought at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the purchase, the director owned 50,000 shares in the company, valued at approximately C$578,000. The trade was a 11.11% increase in their ownership of the stock. 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.