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

Key Points

• Vermilion Energy Inc. (TSE: VET) stock has recently crossed above its 200-day moving average, trading at C$11.17 with an average moving price of C$10.17.
• Equities analysts have provided a Moderate Buy consensus rating, with a recent price target increase from C$11.00 to C$11.50 by Desjardins and C$10.50 to C$12.00 by BMO Capital Markets.
• The company announced a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 4.7%, with the ex-dividend date set for September 29th.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.17 and traded as high as C$11.22. Vermilion Energy shares last traded at C$11.17, with a volume of 559,096 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and increased their price target for the stock from C$11.00 to C$11.50 in a report on Friday, June 6th. BMO Capital Markets increased their price target on shares of Vermilion Energy from C$10.50 to C$12.00 and gave the stock a "market perform" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$14.67.

Vermilion Energy Trading Up 2.8%

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 company has a 50-day simple moving average of C$10.67 and a 200 day simple moving average of C$10.17. The firm has a market cap of C$1.72 billion, a PE ratio of -9.16, a price-to-earnings-growth ratio of -0.02 and a beta of 0.70.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.7%. Vermilion Energy's dividend payout ratio (DPR) is -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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