Vermilion Energy (NYSE:VET) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Vermilion Energy's stock price surpassed its 50-day moving average of $7.69, reaching a high of $8.26 during trading.
• The company reported a quarterly loss of ($0.20) earnings per share, falling short of the estimated loss of ($0.06), with a revenue of $392.33 million compared to expected $562.50 million.
• Recent analyst ratings show a mix of sentiment, with Desjardins upgrading the stock to a "buy" rating, while Wall Street Zen downgraded it to "sell."

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET's share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.69 and traded as high as $8.26. Vermilion Energy shares last traded at $8.06, with a volume of 2,316,945 shares trading hands.

Analyst Ratings Changes

VET has been the subject of several recent analyst reports. Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a research note on Friday, August 8th. Finally, Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Vermilion Energy Trading Up 4.5%

The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -9.26 and a beta of 1.27. The company has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $7.31. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.14). The company had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. As a group, research analysts forecast that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be issued a $0.13 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a yield of 6.5%. Vermilion Energy's dividend payout ratio is currently -42.53%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VET. Mackenzie Financial Corp lifted its holdings in Vermilion Energy by 317.5% in the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company's stock valued at $14,423,000 after acquiring an additional 1,501,741 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Vermilion Energy by 764.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,900 shares of the oil and gas company's stock valued at $5,667,000 after acquiring an additional 618,900 shares during the last quarter. Banque Transatlantique SA acquired a new position in Vermilion Energy during the first quarter worth $4,396,000. Goldman Sachs Group Inc. lifted its stake in Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company's stock worth $13,207,000 after purchasing an additional 553,281 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Vermilion Energy by 77.1% during the second quarter. Bank of America Corp DE now owns 1,245,537 shares of the oil and gas company's stock worth $9,068,000 after purchasing an additional 542,352 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.