Vermilion Energy (TSE:VET) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Vermilion Energy's stock has surpassed its 200-day moving average at C$10.15, closing at C$11.16 with a trading volume of 1,418,289 shares.
• Recent upgrades from analysts include a boost from Desjardins to a "moderate buy" rating with a target price increase to C$11.50, and BMO Capital Markets raised their target to C$12.00.
• The company has declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 4.7%.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.15 and traded as high as C$11.43. Vermilion Energy shares last traded at C$11.16, with a volume of 1,418,289 shares trading hands.

Wall Street Analysts Forecast Growth

VET has been the topic of a number of recent research reports. Desjardins upgraded Vermilion Energy from a "hold" rating to a "moderate buy" rating and boosted their target price for the company from C$11.00 to C$11.50 in a research note on Friday, June 6th. BMO Capital Markets boosted their price target on Vermilion Energy from C$10.50 to C$12.00 and gave the stock a "market perform" rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$14.67.

Vermilion Energy Stock Up 4.6%

The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of -9.15, a PEG ratio of -0.02 and a beta of 0.70. The firm has a 50-day moving average of C$10.61 and a two-hundred day moving average of C$10.15.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 30th. Vermilion Energy's payout ratio is currently -40.98%.

About Vermilion Energy

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.

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