Vermilion Energy (TSE:VET) Shares Cross Above 200 Day Moving Average – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.15 and traded as high as C$17.44. Vermilion Energy shares last traded at C$17.27, with a volume of 689,175 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VET shares. Desjardins upped their price objective on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research note on Monday, March 9th. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$16.00 to C$24.00 in a research note on Friday, March 27th. National Bank Financial reduced their price objective 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. TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from C$14.00 to C$16.00 in a research note on Thursday, March 5th. Finally, Scotiabank upped their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Vermilion Energy presently has an average rating of “Hold” and a consensus price target of C$19.00.

Vermilion Energy Stock Performance

The firm has a market capitalization of C$2.70 billion, a P/E ratio of -3.32, a price-to-earnings-growth ratio of -0.02 and a beta of 0.53. The company’s 50 day moving average is C$17.37 and its 200-day moving average is C$14.18. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share (EPS) for the quarter. The company had revenue of C$519.13 million for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%. As a group, equities analysts anticipate that Vermilion Energy Inc. will post 1.3956262 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.135 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, March 13th. Vermilion Energy’s payout ratio is currently -9.91%.

Insider Buying and Selling at Vermilion Energy

In related news, insider Gerard Schut sold 10,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the transaction, the insider directly owned 94,268 shares of the company’s stock, valued at C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. Also, insider Yvonne Jeffery sold 6,332 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the transaction, the insider directly owned 30,527 shares in the company, valued at approximately C$595,581.77. This represents a 17.18% decrease in their ownership of the stock. 0.16% of the stock is owned by corporate 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.