Vermilion Energy (TSE:VET) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.71 and traded as high as C$13.09. Vermilion Energy shares last traded at C$12.59, with a volume of 1,217,713 shares traded.

Analyst Upgrades and Downgrades

VET has been the topic of a number of research reports. Scotiabank increased their price objective on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. BMO Capital Markets upped their price target on shares of Vermilion Energy from C$10.50 to C$12.00 and gave the company a “market perform” rating in a report on Friday, August 8th. National Bankshares lowered their price target on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Desjardins lifted their price objective on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$13.83.

Vermilion Energy Stock Performance

The company has a market capitalization of C$1.93 billion, a PE ratio of -8.28, a price-to-earnings-growth ratio of -0.02 and a beta of 0.55. The stock’s fifty day simple moving average is C$11.38 and its 200-day simple moving average is C$10.71. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$452.18 million during the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. As a group, equities analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a $0.13 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.52 annualized dividend and a yield of 4.1%. Vermilion Energy’s payout ratio is -33.55%.

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.