Vermilion Energy (TSE:VET) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.24 and traded as high as C$13.28. Vermilion Energy shares last traded at C$13.18, with a volume of 1,150,469 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank lifted their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. TD Securities boosted their price objective on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Desjardins upped their target price on Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a research note on Monday, November 24th. ATB Capital lifted their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 11th. Finally, National Bankshares lowered their price target on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$14.11.

Vermilion Energy Stock Up 1.8%

The stock has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -8.67, a price-to-earnings-growth ratio of -0.02 and a beta of 0.80. The firm has a 50 day simple moving average of C$11.98 and a 200-day simple moving average of C$11.24. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40.

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

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 dividend yield of 3.9%. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.55%.

Insider Activity at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of Vermilion Energy stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at C$578,000. The trade was a 11.11% increase in their ownership of the stock. 0.16% of the stock is owned by insiders.

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.