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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.70 and traded as high as C$16.96. Vermilion Energy shares last traded at C$16.65, with a volume of 756,185 shares changing hands.

Analyst Ratings Changes

VET has been the subject of a number of recent research reports. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$16.00 to C$24.00 in a report on Friday, March 27th. Royal Bank Of Canada increased their price objective on Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating and increased their price objective for the company from C$14.00 to C$16.00 in a report on Thursday, March 5th. National Bank Financial decreased their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Desjardins increased their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Hold” and a consensus target price of C$19.29.

Vermilion Energy Stock Up 2.3%

The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73. The firm has a market cap of C$2.55 billion, a P/E ratio of -3.14, a PEG ratio of -0.02 and a beta of 0.26. The stock’s 50-day simple moving average is C$17.33 and its 200 day simple moving average is C$14.70.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C($0.95) EPS for the quarter. The firm had revenue of C$519.13 million for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. As a group, research analysts forecast that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 3.2%. Vermilion Energy’s dividend payout ratio is -9.91%.

Insiders Place Their Bets

In other Vermilion Energy news, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction 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 sale, the insider owned 94,268 shares of the company’s stock, valued at approximately C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. Also, insider Yvonne Jeffery sold 6,332 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the sale, the insider directly owned 30,527 shares in the company, valued at C$595,581.77. This trade represents a 17.18% 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.