Vermilion Energy (NYSE:VET) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.91 and traded as low as $9.41. Vermilion Energy shares last traded at $9.4710, with a volume of 1,397,011 shares changing hands.

Wall Street Analysts Forecast Growth

VET has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Trading Down 1.0%

The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The firm’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $10.90. The company has a market capitalization of $1.43 billion, a PE ratio of -2.45 and a beta of 0.31.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.89). The business had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%. As a group, equities research analysts anticipate that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s dividend payout ratio is currently -10.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its stake in shares of Vermilion Energy by 4.6% in the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after buying an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Vermilion Energy by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after acquiring an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. lifted its position in Vermilion Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after acquiring an additional 73,242 shares in the last quarter. UBS Group AG boosted its holdings in Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after acquiring an additional 3,029,328 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Vermilion Energy by 44.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after acquiring an additional 1,487,870 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).