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

Key Points

• Vermilion Energy's stock recently crossed above its 200-day moving average of C$10.15, reaching a high of C$10.43 during trading, and closing at C$10.39 with a volume of 660,756 shares.
• Analysts have a mixed outlook, with BMO Capital Markets increasing their price target to C$12.00 and Desjardins raising theirs to C$11.50, leading to an average target of C$14.67 and a rating of "Moderate Buy."
• Vermilion Energy announced a quarterly dividend of $0.13, representing a 5.0% yield, and has a relatively low debt-to-equity ratio of 35.61.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.15 and traded as high as C$10.43. Vermilion Energy shares last traded at C$10.39, with a volume of 660,756 shares.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VET shares. BMO Capital Markets increased 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. Desjardins upgraded Vermilion Energy from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$11.00 to C$11.50 in a research report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$14.67.

Vermilion Energy Trading Down 3.9%

The firm has a market capitalization of C$1.60 billion, a P/E ratio of -8.51, a price-to-earnings-growth ratio of -0.02 and a beta of 0.70. 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 50 day moving average price of C$10.60 and a two-hundred day moving average price of C$10.16.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were issued a $0.13 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.0%. Vermilion Energy's dividend payout ratio is presently -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.