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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.50 and traded as high as C$14.00. Vermilion Energy shares last traded at C$13.57, with a volume of 1,018,129 shares.

Wall Street Analysts Forecast Growth

VET has been the subject of a number of recent analyst reports. National Bank Financial upped their price target on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Scotiabank increased their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. BMO Capital Markets boosted their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, December 11th. ATB Cormark Capital Markets upped their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 11th. Finally, TD Securities increased their target price on Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Vermilion Energy has a consensus rating of “Hold” and an average target price of C$14.50.

Vermilion Energy Price Performance

The firm has a market cap of C$2.08 billion, a P/E ratio of -8.93, a P/E/G ratio of -0.02 and a beta of 1.24. The firm’s fifty day simple moving average is C$12.30 and its 200 day simple moving average is C$11.50. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. Vermilion Energy’s payout ratio is presently -33.55%.

Insider Activity

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at C$578,000. This trade represents a 11.11% increase in their position. 0.16% of the stock is owned by company insiders.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.