Vermilion Energy (TSE:VET) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.67 and traded as high as C$14.57. Vermilion Energy shares last traded at C$14.53, with a volume of 1,231,976 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on VET shares. BMO Capital Markets lifted their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research report on Thursday, December 11th. Scotiabank increased their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. National Bank Financial boosted their price objective on 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 upped their price objective on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Desjardins lifted their target price on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and an average price target of C$14.50.

Vermilion Energy Price Performance

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 business’s fifty day moving average is C$12.68 and its 200 day moving average is C$11.67. The company has a market cap of C$2.23 billion, a P/E ratio of -9.56, a PEG ratio of -0.02 and a beta of 1.24.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Vermilion Energy’s payout ratio is presently -33.55%.

Insider Activity at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was bought at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at C$578,000. The trade was a 11.11% increase in their ownership of the stock. 0.16% of the stock is owned by corporate insiders.

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.