Vermilion Energy (TSE:VET) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.49 and traded as high as C$14.50. Vermilion Energy shares last traded at C$14.35, with a volume of 960,277 shares trading hands.

Wall Street Analysts Forecast Growth

VET has been the subject of several analyst reports. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. Royal Bank of Canada dropped their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Desjardins reduced their target price on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. TD Securities dropped their price target on Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, Canaccord Genuity Group reduced their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.36.

Vermilion Energy Stock Up 2.7 %

The company has a market cap of C$2.24 billion, a PE ratio of -2.81, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a fifty day moving average of C$13.36 and a two-hundred day moving average of C$14.49. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The firm had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. As a group, analysts anticipate that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.34%. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Activity

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of C$13.54 per share, for a total transaction of C$67,700.00. Insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

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.