Vermilion Energy (TSE:VET) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Vermilion's stock crossed above its 200‑day moving average, trading as high as C$17.33 and last at C$17.18 versus a 200‑day MA of C$13.62 on Monday (volume ~756,330).
• Several brokerages have raised target prices and issued upgrades, but the MarketBeat consensus remains a “Hold” with a consensus target of C$17.79.
• The company increased its quarterly dividend to $0.135 per share (annualized $0.54, ~3.1% yield), while insiders have recently sold shares and now own just 0.16% of the company.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.62 and traded as high as C$17.33. Vermilion Energy shares last traded at C$17.18, with a volume of 756,330 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VET. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and increased their target price for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. National Bank Financial increased their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. TD Securities lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating and increased their target price for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Scotiabank increased their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 20th. Finally, Desjardins increased their target price on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a "hold" rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of "Hold" and a consensus target price of C$17.79.

Vermilion Energy Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60. The firm has a market cap of C$2.62 billion, a price-to-earnings ratio of -4.04, a price-to-earnings-growth ratio of -0.02 and a beta of 0.30. The company's 50-day moving average is C$16.74 and its 200-day moving average is C$13.62.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.135 per share. The ex-dividend date was Friday, March 13th. This represents a $0.54 annualized dividend and a dividend yield of 3.1%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.13. Vermilion Energy's dividend payout ratio (DPR) is -12.24%.

Insider Activity at Vermilion Energy

In related news, insider Yvonne Jeffery sold 6,332 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the sale, the insider owned 30,527 shares in the company, valued at approximately C$595,581.77. This trade represents a 17.18% decrease in their position. Also, insider Gerard Schut sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the sale, the insider owned 94,268 shares in the company, valued at C$1,791,092. This represents a 9.59% decrease in their position. Company insiders own 0.16% of the company's stock.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.

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