Vermilion Energy (TSE:VET) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.14 and traded as high as C$12.19. Vermilion Energy shares last traded at C$12.14, with a volume of 190,766 shares.

Analysts Set New Price Targets

VET has been the subject of a number of analyst reports. Desjardins upped their price objective on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Scotiabank boosted their price target on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. National Bankshares reduced their price objective on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. TD Securities lifted their price objective on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, ATB Capital boosted their target price on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$14.00.

Vermilion Energy Price Performance

The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The stock’s fifty day moving average price is C$11.95 and its 200-day moving average price is C$11.14. The firm has a market cap of C$1.86 billion, a PE ratio of -7.99, a P/E/G ratio of -0.02 and a beta of 0.80.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. The company had revenue of C$452.18 million for the quarter. As a group, equities analysts forecast that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 4.3%. Vermilion Energy’s payout ratio is currently -33.55%.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was acquired at an average price of C$11.56 per share, with a total value of C$57,800.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at C$578,000. This represents a 11.11% increase in their position. Company 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.