Vermilion Energy (TSE:VET) Stock Breaks Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Vermilion Energy shares broke above their 200-day moving average, reaching C$19.24 and last trading at C$19.17 on volume of roughly 1.62 million shares.
• Analyst sentiment is moderately bullish: the stock has an average “Moderate Buy” rating and a C$19.75 consensus price target, with TD upgrading it to “strong buy” and raising its target to C$19.00.
• The company reported C$0.86 in quarterly EPS on C$563.07 million in revenue and paid a quarterly dividend of C$0.135, equivalent to an annualized C$0.54 payout and a 2.8% yield.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$16.29 and traded as high as C$19.24. Vermilion Energy shares last traded at C$19.17, with a volume of 1,620,063 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VET. TD boosted their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Desjardins set a C$16.00 price target on Vermilion Energy and gave the company a "hold" rating in a report on Friday, July 17th. BMO Capital Markets raised 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. Finally, TD Securities upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$19.75.

Vermilion Energy Price Performance

The company's fifty day moving average is C$17.25 and its two-hundred day moving average is C$16.29. The firm has a market capitalization of C$2.93 billion, a price-to-earnings ratio of -6.61, a price-to-earnings-growth ratio of -0.02 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 1.00 and a debt-to-equity ratio of 62.68.

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 (EPS) for the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. The firm had revenue of C$563.07 million for the quarter. Equities research analysts anticipate that Vermilion Energy Inc. will post 1.40 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.1350 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.8%. Vermilion Energy's dividend payout ratio is -18.28%.

Vermilion Energy Company Profile

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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