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

Key Points

• Vermilion Energy shares rose above their 200-day moving average, trading as high as C$16.49 and closing near C$16.48, up 4.7%.
• Analysts have a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of C$19.75, despite several “Hold” ratings.
• The company reported C$0.86 in quarterly EPS on C$563.07 million in revenue and maintains a quarterly dividend of $0.135 per share, equivalent to a 3.3% annualized yield.

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.68 and traded as high as C$16.49. Vermilion Energy shares last traded at C$16.48, with a volume of 1,118,424 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on VET shares. TD increased their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company a "buy" rating in a research report on Friday, July 31st. BMO Capital Markets boosted their target price on Vermilion Energy from C$15.00 to C$17.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. Royal Bank Of Canada boosted their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 19th. TD Securities upgraded shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. Finally, Desjardins set a C$16.00 price target on shares of Vermilion Energy and gave the company a "hold" rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Vermilion Energy presently has an average rating of "Moderate Buy" and an average price target of C$19.75.

Vermilion Energy Trading Up 4.7%

The stock has a market capitalization of C$2.52 billion, a PE ratio of -5.68, a P/E/G ratio of -0.02 and a beta of 0.22. The company has a current ratio of 1.00, a quick ratio of 0.40 and a debt-to-equity ratio of 62.68. The stock has a 50 day moving average price of C$14.54 and a 200-day moving average price of C$15.68.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.86 EPS for the quarter. The company had revenue of C$563.07 million during the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%. Sell-side analysts expect that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, June 15th. Vermilion Energy's payout ratio is currently -18.28%.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source