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

Key Points

• Vermilion Energy shares crossed above their 200-day moving average, reaching C$16.75 and closing at C$16.66, up 0.9%.
• Analyst sentiment is positive: the stock has a consensus “Moderate Buy” rating and a C$19.75 average price target, with TD upgrading it to “strong buy.”
• The company reported C$0.86 in quarterly EPS on C$563.07 million in revenue and pays a quarterly dividend of $0.135 per share, representing a 3.2% yield.

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$16.37 and traded as high as C$16.75. Vermilion Energy shares last traded at C$16.66, with a volume of 585,400 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on Vermilion Energy from C$15.00 to C$17.00 and gave the company a "market perform" rating in a report on Friday, July 31st. TD increased their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Desjardins set a C$16.00 target price on Vermilion Energy and gave the company a "hold" rating in a research report on Friday, July 17th. Finally, TD Securities raised Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$19.75.

Vermilion Energy Stock Up 0.9%

The firm's 50-day simple moving average is C$16.84 and its 200 day simple moving average is C$16.37. The company has a debt-to-equity ratio of 62.68, a quick ratio of 0.40 and a current ratio of 1.00. The stock has a market capitalization of C$2.55 billion, a P/E ratio of -5.74, a PEG ratio of -0.02 and a beta of 0.26.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.86 earnings per share for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%.The company had revenue of C$563.07 million during the quarter. As a group, research analysts expect that Vermilion Energy Inc. will post 1.3956262 EPS for the current year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.1350 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 3.2%. Vermilion Energy's payout ratio is -18.28%.

About Vermilion Energy

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion's priorities are health and safety, the environment, and profitability, in that order.

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