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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.87 and traded as high as C$15.00. Vermilion Energy shares last traded at C$14.76, with a volume of 508,688 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Royal Bank of Canada dropped their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, December 30th. BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. ATB Capital lowered their target price on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. Finally, National Bankshares boosted their price target on Vermilion Energy from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$18.45.

Vermilion Energy Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. The company has a market cap of C$2.29 billion, a P/E ratio of -2.87, a PEG ratio of -0.02 and a beta of 2.60. The business’s 50 day simple moving average is C$13.87 and its 200 day simple moving average is C$13.86.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The firm had revenue of C$490.10 million for the quarter, compared to the consensus estimate of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. Sell-side analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.12 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.27%. Vermilion Energy’s payout ratio is -9.39%.

Insider Transactions at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of C$12.92 per share, with a total value of C$64,600.00. Corporate insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

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.