Vermilion Energy (TSE:VET) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.07 and traded as high as C$19.83. Vermilion Energy shares last traded at C$19.48, with a volume of 1,040,380 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Scotiabank increased their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial increased their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating and increased their price objective for the company from C$14.00 to C$16.00 in a report on Thursday, March 5th. Royal Bank Of Canada increased their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Thursday, March 5th. Finally, BMO Capital Markets increased their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of “Hold” and an average target price of C$15.83.

Vermilion Energy Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of -4.58, a price-to-earnings-growth ratio of -0.02 and a beta of 0.30. The stock has a fifty day moving average price of C$15.80 and a 200 day moving average price of C$13.07.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.135 dividend. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.54 dividend on an annualized basis and a yield of 2.8%. Vermilion Energy’s payout ratio is -12.24%.

Insider Buying and Selling

In other Vermilion Energy news, insider Yvonne Jeffery sold 6,332 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total value of C$123,537.32. Following the sale, the insider owned 30,527 shares of the company’s stock, valued at C$595,581.77. This trade represents a 17.18% decrease in their position. Also, insider Gerard Schut sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the sale, the insider directly owned 94,268 shares in the company, valued at C$1,791,092. This trade represents a 9.59% decrease in their position. Company 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.