Vermilion Energy (TSE:VET) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Vermilion Energy shares crossed above their 200-day moving average, reaching C$18.29 before closing at C$17.96, up 1.1%. The stock’s 50-day and 200-day moving averages were C$15.61 and C$16.13, respectively.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of C$19.75. Recent target increases included TD Securities’ C$19 target and RBC’s C$24 target.
• The company reported quarterly revenue of C$563.07 million and EPS of C$0.86, but continued to post a negative net margin and return on equity. Vermilion also declared a quarterly dividend of C$0.135 per share, equivalent to a 3.0% annualized yield.

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) 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$16.13 and traded as high as C$18.29. Vermilion Energy shares last traded at C$17.96, with a volume of 1,034,560 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VET shares. BMO Capital Markets raised their price objective on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock 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 note on Wednesday, July 22nd. Desjardins set a C$16.00 target price on Vermilion Energy and gave the stock a "hold" rating in a research report on Friday, July 17th. Royal Bank Of Canada lifted their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 19th. Finally, TD upped their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company a "buy" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Vermilion Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$19.75.

Vermilion Energy Trading Up 1.1%

The business has a 50 day moving average of C$15.61 and a 200 day moving average of C$16.13. The firm has a market capitalization of C$2.74 billion, a price-to-earnings ratio of -6.19, a PEG ratio of -0.02 and a beta of 0.26. The company has a debt-to-equity ratio of 62.68, a current ratio of 1.00 and a quick ratio of 0.40.

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. The firm had revenue of C$563.07 million for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%. As a group, research analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a yield of 3.0%. Vermilion Energy's dividend payout ratio (DPR) is presently -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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