Vermilion Energy (NYSE:VET) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.95 and traded as low as $9.56. Vermilion Energy shares last traded at $9.8250, with a volume of 1,467,698 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Desjardins upgraded Vermilion Energy to a “hold” rating in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Up 1.6%

The company’s 50 day moving average price is $10.77 and its two-hundred day moving average price is $10.95. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.50 billion, a P/E ratio of -2.57 and a beta of 0.31.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $368.66 million.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.5%. Vermilion Energy’s payout ratio is presently -10.21%.

Institutional Investors Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG lifted its position in shares of Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after buying an additional 3,029,328 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Vermilion Energy in the 1st quarter worth approximately $31,144,000. Mackenzie Financial Corp increased its holdings in Vermilion Energy by 130.2% in the 4th quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock worth $26,483,000 after acquiring an additional 1,795,636 shares in the last quarter. Lazard Asset Management LLC raised its stake in Vermilion Energy by 7,879.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock worth $20,867,000 after acquiring an additional 1,495,008 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after acquiring an additional 1,487,870 shares during the period. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).