Vermilion Energy (TSE:VET) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Vermilion Energy Inc. (TSE:VET) (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$14.53 and traded as high as C$16.73. Vermilion Energy shares last traded at C$16.37, with a volume of 909,645 shares traded.

Analysts Set New Price Targets

VET has been the topic of a number of research analyst reports. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$16.00 to C$24.00 in a report on Friday, March 27th. Desjardins raised their price objective on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a report on Monday, March 9th. TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$14.00 to C$16.00 in a report on Thursday, March 5th. Royal Bank Of Canada raised their price objective on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Finally, National Bank Financial decreased their target price on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$19.29.

Vermilion Energy Trading Up 1.0%

The firm has a market cap of C$2.51 billion, a P/E ratio of -3.09, a P/E/G ratio of -0.02 and a beta of 0.53. The business’s 50-day moving average is C$17.56 and its two-hundred day moving average is C$14.53. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. The business had revenue of C$519.13 million during the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. As a group, analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.3%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 13th. Vermilion Energy’s payout ratio is -9.91%.

Insiders Place Their Bets

In related news, insider Yvonne Jeffery sold 6,332 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total value of C$123,537.32. Following the completion of the transaction, the insider owned 30,527 shares of the company’s stock, valued at approximately C$595,581.77. This trade represents a 17.18% decrease in their ownership of the stock. Also, insider Gerard Schut sold 10,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the completion of the sale, the insider owned 94,268 shares of the company’s stock, valued at approximately C$1,791,092. This represents a 9.59% decrease in their position. 0.16% of the stock is currently owned by company 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.