Vermilion Energy (TSE:VET) Share Price Passes Above 200 Day Moving Average of $16.40

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.40 and traded as high as C$16.95. Vermilion Energy shares last traded at C$16.06, with a volume of 1,689,600 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VET. Canaccord Genuity Group raised their target price on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Raymond James dropped their price objective on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Stifel Nicolaus upped their price target on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. ATB Capital decreased their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, Desjardins lifted their price target on Vermilion Energy from C$20.00 to C$21.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$21.54.

Vermilion Energy Stock Performance

The stock has a 50 day moving average of C$16.13 and a 200 day moving average of C$16.37. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. The firm has a market cap of C$2.60 billion, a price-to-earnings ratio of -11.13, a P/E/G ratio of -0.02 and a beta of 2.72.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results 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 analysts’ expectations of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. As a group, analysts anticipate that Vermilion Energy Inc. will post 1.766147 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.97%. Vermilion Energy’s payout ratio is -33.10%.

Insider Transactions at Vermilion Energy

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. In other news, Director Myron Maurice Stadnyk acquired 3,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of C$16.10 per share, with a total value of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. 0.15% of the stock is owned by 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.