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

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.87 and traded as high as C$15.00. Vermilion Energy shares last traded at C$14.76, with a volume of 508,688 shares traded.

Wall Street Analyst Weigh In

VET has been the subject of a number of research reports. Canaccord Genuity Group dropped their target price on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Royal Bank of Canada dropped their price objective on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. TD Securities dropped their price target on shares of 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. Finally, National Bankshares increased their price target on Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$18.77.

Vermilion Energy Price Performance

The business has a 50-day moving average of C$13.83 and a 200 day moving average of C$13.87. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. The firm has a market capitalization of C$2.30 billion, a P/E ratio of -2.89, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share (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 firm had revenue of C$490.10 million for the quarter, compared to analysts’ expectations of C$497.45 million. On average, sell-side analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. Vermilion Energy’s dividend payout ratio is presently -9.39%.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of C$12.92 per share, for a total transaction of C$64,600.00. 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.