Vermilion Energy (TSE:VET) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Vermilion Energy's stock has crossed above its 200-day moving average, trading as high as C$11.08, with a current price of C$10.93 per share.
• Analysts have mixed ratings for the stock, with a consensus target price of C$14.89, and various firms adjusting their price targets around it.
• The company declared a quarterly dividend of $0.13 per share, yielding 4.8%, despite a negative payout ratio.

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.77 and traded as high as C$11.08. Vermilion Energy shares last traded at C$10.93, with a volume of 530,569 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. CIBC dropped their price objective on Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday, April 10th. JPMorgan Chase & Co. increased their price objective on Vermilion Energy from C$10.00 to C$11.00 in a research note on Wednesday, April 23rd. BMO Capital Markets increased their price objective on Vermilion Energy from C$10.50 to C$12.00 and gave the company a "market perform" rating in a research note on Friday. Desjardins raised Vermilion Energy from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from C$11.00 to C$11.50 in a research note on Friday, June 6th. Finally, TD Securities dropped their price target on Vermilion Energy from C$14.00 to C$12.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Vermilion Energy has an average rating of "Moderate Buy" and an average price target of C$14.67.

Vermilion Energy Stock Performance

The business has a fifty day simple moving average of C$10.61 and a 200-day simple moving average of C$10.74. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The firm has a market cap of C$1.60 billion, a P/E ratio of -1.94, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders 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 yield of 5.0%. Vermilion Energy's dividend payout ratio is -9.03%.

Insider Transactions at Vermilion Energy

In other news, Senior Officer Randy Lee Ernest Mcquaig acquired 3,600 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of C$8.85 per share, for a total transaction of C$31,860.00. 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.