Vermilion Energy (TSE:VET) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Vermilion Energy's shares have surpassed their 200-day moving average, currently trading at C$10.56, indicating positive market momentum.
• Analysts have set varied price targets for Vermilion Energy, with a consensus target price of C$14.67, suggesting potential upside from current levels.
• The company recently announced a quarterly dividend of $0.13, reflecting a 4.9% yield, despite a negative dividend payout ratio of -9.03%.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.39 and traded as high as C$10.63. Vermilion Energy shares last traded at C$10.56, with a volume of 473,575 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VET shares. Royal Bank Of Canada raised their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and lifted their target price for the stock from C$11.00 to C$11.50 in a report on Friday, June 6th. BMO Capital Markets upped their target price on Vermilion Energy from C$10.50 to C$12.00 and gave the company a "market perform" rating in a research report on Friday, August 8th. Finally, TD Securities decreased their target price on Vermilion Energy from C$14.00 to C$12.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$14.67.

Vermilion Energy Trading Down 1.8%

The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The business's 50-day moving average price is C$10.56 and its two-hundred day moving average price is C$10.33. The company has a market capitalization of C$1.60 billion, a price-to-earnings ratio of -8.50, a P/E/G ratio of -0.02 and a beta of 0.71.

Vermilion Energy Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 5.0%. Vermilion Energy's dividend payout ratio (DPR) 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.