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

Key Points

• Vermilion Energy's shares recently surpassed their 200-day moving average, reaching a peak of C$10.32 during trading.
• Analysts have raised their price targets, with BMO Capital Markets increasing their target from C$10.50 to C$12.00 and Desjardins raising theirs from C$11.00 to C$11.50.
• The company also declared a quarterly dividend of $0.13, corresponding to an annualized dividend yield of 5.1%.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.28 and traded as high as C$10.32. Vermilion Energy shares last traded at C$10.10, with a volume of 938,718 shares changing hands.

Analyst Upgrades and Downgrades

VET has been the topic of a number of research analyst reports. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and boosted their price objective for the company from C$11.00 to C$11.50 in a report on Friday, June 6th. BMO Capital Markets upped their price target on shares of Vermilion Energy from C$10.50 to C$12.00 and gave the company a "market perform" rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$14.67.

Vermilion Energy Stock Performance

The firm's 50 day moving average price is C$10.59 and its 200-day moving average price is C$10.21. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The firm has a market capitalization of C$1.58 billion, a PE ratio of -8.41, a price-to-earnings-growth ratio of -0.02 and a beta of 0.70.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, June 30th. Vermilion Energy's dividend payout ratio is presently -40.98%.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas.