Vermilion Energy (TSE:VET) Shares Pass Above Two Hundred Day Moving Average of $16.60

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.60 and traded as high as C$16.69. Vermilion Energy shares last traded at C$16.66, with a volume of 596,491 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VET shares. Raymond James lowered their target price on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. JPMorgan Chase & Co. decreased their price objective on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a report on Friday, March 8th. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. Desjardins lowered their price objective on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, CIBC reduced their target price on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Vermilion Energy has an average rating of “Moderate Buy” and an average price target of C$21.88.

Vermilion Energy Trading Down 0.4 %

The company has a market cap of C$2.63 billion, a P/E ratio of -11.16, a P/E/G ratio of -0.02 and a beta of 2.71. The business’s 50-day moving average price is C$15.74 and its 200 day moving average price is C$16.59. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The business had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. As a group, analysts expect that Vermilion Energy Inc. will post 1.8666667 earnings per share for the current year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 2.97%. Vermilion Energy’s dividend payout ratio is presently -33.10%.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of C$16.10 per share, with a total value of C$48,300.00. In related news, Director Robert B. Michaleski acquired 10,000 shares of the stock in a transaction on Monday, March 11th. The shares were purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. Also, Director Myron Maurice Stadnyk purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of C$16.10 per share, with a total value of C$48,300.00. Company insiders own 0.15% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.