Vermilion Energy (NYSE:VET) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Vermilion Energy shares fell below their 200-day moving average of $11.26, trading as low as $11.07 before last changing hands at $11.48.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from eight analysts and an average price target of $15.00, despite recent upgrades and downgrades.
• The company exceeded quarterly earnings expectations, reporting $0.62 in EPS and $390.53 million in revenue, and declared a quarterly dividend of $0.135 per share, representing a 4.7% annualized yield.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.26 and traded as low as $11.07. Vermilion Energy shares last traded at $11.48, with a volume of 1,434,522 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Vermilion Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 1st. Zacks Research raised shares of Vermilion Energy from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Weiss Ratings cut shares of Vermilion Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Finally, Desjardins upgraded shares of Vermilion Energy to a "hold" rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $15.00.

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -5.44 and a beta of 0.30. The firm has a fifty day moving average of $10.36 and a 200 day moving average of $11.26.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.57. The firm had revenue of $390.53 million for the quarter, compared to the consensus estimate of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy's payout ratio is currently -18.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its position in Vermilion Energy by 4.6% during the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company's stock worth $64,161,000 after purchasing an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Vermilion Energy by 22.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company's stock valued at $58,745,000 after purchasing an additional 1,388,489 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Vermilion Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company's stock valued at $56,005,000 after purchasing an additional 73,242 shares during the last quarter. UBS Group AG grew its stake in shares of Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company's stock valued at $46,645,000 after buying an additional 3,029,328 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Vermilion Energy by 44.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company's stock valued at $67,114,000 after buying an additional 1,487,870 shares during the period. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion's upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion's product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).

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