Vermilion Energy (TSE:VET) Share Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Vermilion Energy's stock price has crossed above its 200-day moving average of C$10.89, currently trading at C$11.80 with a recent high of C$11.81.
• Analysts have mixed ratings on the stock, with price targets ranging from C$11.00 to C$16.00 and a consensus rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.13, resulting in an annualized dividend yield of 4.41% and a payout ratio of -9.03%.

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.89 and traded as high as C$11.81. Vermilion Energy shares last traded at C$11.80, with a volume of 537,260 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VET shares. CIBC cut their target price on Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday, April 10th. Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and increased their target price for the company from C$11.00 to C$11.50 in a research report on Friday, June 6th. TD Securities lowered their price objective on shares of Vermilion Energy from C$14.00 to C$12.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Royal Bank Of Canada boosted their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vermilion Energy from C$10.00 to C$11.00 in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$14.89.

Vermilion Energy Trading Down 2.9%

The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -2.08, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a 50-day moving average price of C$10.42 and a 200-day moving average price of C$10.88. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 30th. Vermilion Energy's payout ratio is currently -9.03%.

Insider Buying and Selling

In other Vermilion Energy news, Senior Officer Randy Lee Ernest Mcquaig acquired 3,600 shares of Vermilion Energy stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of C$8.85 per share, with a total value of C$31,860.00. 0.16% of the stock is currently owned by corporate insiders.

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.