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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VET shares. National Bankshares reduced their target price on Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Desjardins boosted their price objective 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. Scotiabank raised their target price on 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 lifted their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, December 11th. Finally, TD Securities increased their price objective on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$14.00.

Vermilion Energy Price Performance

The stock has a 50-day simple moving average of C$11.59 and a 200 day simple moving average of C$11.02. The stock has a market capitalization of C$1.74 billion, a P/E ratio of -7.44, a price-to-earnings-growth ratio of -0.02 and a beta of 0.82. 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 issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$452.18 million for the quarter. Vermilion Energy had a negative return on equity of 28.37% and a negative net margin of 42.01%. On average, equities analysts forecast that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be given 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 yield of 4.6%. Vermilion Energy’s dividend payout ratio is presently -33.55%.

Insider Activity at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at approximately C$578,000. This represents a 11.11% increase in their position. 0.16% of the stock is currently owned by corporate 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.