Vermilion Energy (TSE:VET) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.89 and traded as high as C$14.72. Vermilion Energy shares last traded at C$14.67, with a volume of 561,033 shares changing hands.

Analyst Upgrades and Downgrades

VET has been the topic of several recent research reports. Royal Bank of Canada cut their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, December 30th. Canaccord Genuity Group reduced their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. TD Securities lowered their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their target price on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets cut Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$20.00 to C$16.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.77.

Vermilion Energy Trading Up 1.5 %

The firm’s 50-day moving average price is C$13.67 and its 200 day moving average price is C$13.89. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of -2.87, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The company had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million. As a group, equities analysts expect that Vermilion Energy Inc. will post 1.3956262 EPS for the current year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s payout ratio is -9.39%.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is currently owned by insiders.

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.