Vermilion Energy (TSE:VET) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of 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$14.53 and traded as high as C$16.73. Vermilion Energy shares last traded at C$16.37, with a volume of 909,645 shares.

Analyst Upgrades and Downgrades

VET has been the topic of a number of research reports. TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Desjardins upped their target price on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research report on Monday, March 9th. National Bank Financial reduced their target price on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. Finally, Royal Bank Of Canada upped their target price on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$19.29.

Vermilion Energy Price Performance

The company’s fifty day moving average is C$17.56 and its two-hundred day moving average is C$14.53. The firm has a market capitalization of C$2.51 billion, a price-to-earnings ratio of -3.09, a price-to-earnings-growth ratio of -0.02 and a beta of 0.53. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. The business had revenue of C$519.13 million during the quarter. Equities research analysts anticipate that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.135 dividend. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, March 13th. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.91%.

Insider Activity at Vermilion Energy

In related news, insider Yvonne Jeffery sold 6,332 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total value of C$123,537.32. Following the transaction, the insider directly owned 30,527 shares in the company, valued at C$595,581.77. This represents a 17.18% decrease in their ownership of the stock. Also, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the completion of the sale, the insider directly owned 94,268 shares of the company’s stock, valued at C$1,791,092. The trade was a 9.59% decrease in their position. 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.