Vermilion Energy (TSE:VET) Stock Passes 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 Tuesday . The stock has a two hundred day moving average of C$11.50 and traded as high as C$14.00. Vermilion Energy shares last traded at C$13.57, with a volume of 1,018,129 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on VET shares. Desjardins boosted their target price on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. National Bank Financial raised their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. BMO Capital Markets increased their price target on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, December 11th. TD Securities raised their target price on Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, ATB Cormark Capital Markets boosted their target price on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$14.50.

Vermilion Energy Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a market cap of C$2.08 billion, a PE ratio of -8.93, a P/E/G ratio of -0.02 and a beta of 1.24. The firm has a 50 day moving average of C$12.30 and a two-hundred day moving average of C$11.50.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, December 15th. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.55%.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$578,000. This trade represents a 11.11% increase in their ownership of the stock. 0.16% of the stock is owned by company 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.