Vermilion Energy (TSE:VET) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.93 and traded as low as C$13.76. Vermilion Energy shares last traded at C$13.95, with a volume of 559,699 shares trading hands.

Wall Street Analyst Weigh In

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

Vermilion Energy Stock Down 3.9%

The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 63.73. The stock has a market cap of C$2.05 billion, a PE ratio of -2.53, a price-to-earnings-growth ratio of -0.02 and a beta of 0.26. The firm has a fifty day moving average of C$16.29 and a 200 day moving average of C$14.95.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share (EPS) for the quarter. The business had revenue of C$519.12 million for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%. On average, equities research analysts anticipate that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is -9.91%.

Insider Transactions at Vermilion Energy

In related news, insider Yvonne Jeffery sold 6,332 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was 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 directly owned 30,527 shares of the company’s stock, valued at C$595,581.77. This represents a 17.18% decrease in their ownership of the stock. 0.16% of the stock is owned by company insiders.

About Vermilion Energy

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.