Vermilion Energy (TSE:VET) Stock Passes Above Two Hundred Day Moving Average of $16.60

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.60 and traded as high as C$16.69. Vermilion Energy shares last traded at C$16.66, with a volume of 596,491 shares traded.

Wall Street Analyst Weigh In

Several analysts have weighed in on VET shares. Raymond James dropped their price objective on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Desjardins dropped their price objective on Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a report on Friday, March 22nd. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$18.00 to C$20.00 in a report on Wednesday, March 27th. ATB Capital dropped their price objective on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Finally, Royal Bank of Canada boosted their price objective on Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$21.85.

Vermilion Energy Trading Up 0.8 %

The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18. The business has a 50-day simple moving average of C$15.65 and a two-hundred day simple moving average of C$16.60. The stock has a market cap of C$2.70 billion, a price-to-earnings ratio of -11.49, a P/E/G ratio of -0.02 and a beta of 2.71.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.59. The company had revenue of C$522.97 million during the quarter, compared to the consensus estimate of C$593.34 million. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. As a group, research analysts forecast that Vermilion Energy Inc. will post 1.8666667 EPS for the current year.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio is -33.10%.

Insider Activity at Vermilion Energy

In other news, Director Robert B. Michaleski acquired 10,000 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total value of C$825,000.00. Also, Director Robert B. Michaleski purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of C$14.94 per share, for a total transaction of C$149,400.00. 0.15% of the stock is owned by company insiders.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.