Vermilion Energy (TSE:VET) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.46 and traded as high as C$12.67. Vermilion Energy shares last traded at C$12.35, with a volume of 561,582 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VET shares. National Bankshares lowered their target price on Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Scotiabank lifted their price target on Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. BMO Capital Markets upped their price objective on Vermilion Energy from C$10.50 to C$12.00 and gave the company a “market perform” rating in a report on Friday, August 8th. Finally, Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$13.67.

Vermilion Energy Stock Down 1.6%

The stock’s fifty day simple moving average is C$10.97 and its two-hundred day simple moving average is C$10.46. The stock has a market capitalization of C$1.89 billion, a P/E ratio of -8.13, a price-to-earnings-growth ratio of -0.02 and a beta of 0.55. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.02 EPS for the quarter. Vermilion Energy had a negative return on equity of 28.37% and a negative net margin of 42.01%.The company had revenue of C$452.18 million for the quarter. As a group, research analysts expect that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, September 29th. Vermilion Energy’s dividend payout ratio is currently -33.55%.

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.