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

Key Points

• Vermilion Energy shares broke above their 200-day moving average, reaching C$17.11 before closing at C$16.78, up 1.8% on trading volume of 619,498 shares.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$19.75. TD Securities upgraded the shares to “strong buy” and raised its target to C$19.00.
• The company reported C$0.86 in quarterly EPS on C$563.07 million in revenue and declared a quarterly dividend of C$0.135, equivalent to an annualized C$0.54 payout and a 3.2% yield.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$16.35 and traded as high as C$17.11. Vermilion Energy shares last traded at C$16.78, with a volume of 619,498 shares changing hands.

Wall Street Analysts Forecast Growth

VET has been the subject of several recent research reports. Desjardins set a C$16.00 price target on Vermilion Energy and gave the stock a "hold" rating in a report on Friday, July 17th. BMO Capital Markets boosted their price objective on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the company a "market perform" rating in a research note on Friday, July 31st. TD Securities upgraded shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 22nd. Finally, TD raised their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$19.75.

Vermilion Energy Trading Up 1.8%

The stock has a market cap of C$2.56 billion, a PE ratio of -5.79, a P/E/G ratio of -0.02 and a beta of 0.26. The business's fifty day moving average is C$16.66 and its 200 day moving average is C$16.35. 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 issued its earnings results 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 company had revenue of C$563.07 million during the quarter. As a group, analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a $0.1350 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.2%. Vermilion Energy's dividend payout ratio is currently -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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