Vermilion Energy (TSE:VET) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. TD Securities raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. 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. Desjardins set a C$16.00 target price on Vermilion Energy and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, TD raised their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$19.75.

Vermilion Energy Stock Performance

The stock’s 50 day moving average price is C$14.58 and its two-hundred day moving average price is C$15.71. 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 firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of -5.99, a PEG ratio of -0.02 and a beta of 0.22.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.86 EPS for the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. The firm had revenue of C$563.07 million for the quarter. On average, analysts forecast that Vermilion Energy Inc. will post 1.3956262 EPS for the current year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -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.