Vermilion Energy (TSE:VET) Stock Passes Above Two Hundred Day Moving Average of $16.60

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.60 and traded as high as C$16.69. Vermilion Energy shares last traded at C$16.66, with a volume of 596,491 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on VET shares. ATB Capital decreased their target price on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. reduced their price objective on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a research report on Friday, March 8th. TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. CIBC reduced their price objective on Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, Canaccord Genuity Group reduced their price objective on Vermilion Energy from C$22.50 to C$20.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.85.

Vermilion Energy Trading Up 0.8 %

The firm has a market cap of C$2.70 billion, a PE ratio of -11.49, a PEG ratio of -0.02 and a beta of 2.71. The firm has a fifty day simple moving average of C$15.65 and a two-hundred day simple moving average of C$16.60. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The firm had revenue of C$522.97 million during the quarter, compared to analyst estimates of C$593.34 million. Equities analysts forecast that Vermilion Energy Inc. will post 1.8666667 EPS for the current year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.88%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio is currently -33.10%.

Insider Transactions at Vermilion Energy

In other news, Director Robert B. Michaleski bought 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of C$14.94 per share, with a total value of C$149,400.00. In related news, Director Robert B. Michaleski acquired 10,000 shares of Vermilion Energy stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of C$14.94 per share, with a total value of C$149,400.00. Also, 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. Corporate insiders own 0.15% of the company’s stock.

About Vermilion Energy

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.