Vermilion Energy (TSE:VET) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.93 and traded as low as C$13.76. Vermilion Energy shares last traded at C$13.95, with a volume of 559,699 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$14.00 to C$16.00 in a research note on Thursday, March 5th. Royal Bank Of Canada upped their price objective on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Desjardins increased their target price on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research report on Monday, March 9th. Finally, National Bank Financial lowered 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 note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$19.29.

Vermilion Energy Price Performance

The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -2.63, a P/E/G ratio of -0.02 and a beta of 0.26. 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 business has a 50-day simple moving average of C$16.44 and a two-hundred day simple moving average of C$14.93.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share (EPS) for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. The firm had revenue of C$519.12 million for the quarter. As a group, research analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Vermilion Energy’s payout ratio is presently -9.91%.

Insider Buying and Selling

In other Vermilion Energy news, insider Yvonne Jeffery sold 6,332 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 30,527 shares of the company’s stock, valued at approximately C$595,581.77. This represents a 17.18% decrease in their position. Company insiders own 0.16% of the company’s stock.

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.