Vermilion Energy (TSE:VET) Share Price Passes Above 200 Day Moving Average of $16.60

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$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 Analysts Forecast Growth

A number of research analysts have commented on VET shares. Canaccord Genuity Group boosted their price objective on Vermilion Energy from C$20.00 to C$20.50 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a research note on Friday, March 8th. National Bankshares lifted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Thursday, March 7th. CIBC decreased their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. Finally, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$21.88.

Vermilion Energy Price Performance

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

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

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.97%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio (DPR) is -33.10%.

Insider Buying and Selling

In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. In other news, Director Myron Maurice Stadnyk purchased 3,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. Corporate 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.