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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.13 and traded as high as C$18.29. Vermilion Energy shares last traded at C$17.96, with a volume of 1,034,560 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the company a “hold” rating in a research note on Friday, July 17th. BMO Capital Markets lifted their price objective on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, TD increased their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.75.

Vermilion Energy Stock Performance

The firm has a 50 day moving average of C$15.72 and a two-hundred day moving average of C$16.15. The stock has a market cap of C$2.83 billion, a P/E ratio of -6.39, a P/E/G ratio of -0.02 and a beta of 0.26. The company has a debt-to-equity ratio of 62.68, a quick ratio of 0.40 and a current ratio of 1.00.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, July 29th. The company reported C$0.86 earnings per share (EPS) for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%.The firm had revenue of C$563.07 million for the quarter. On average, research analysts predict that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 2.9%. Vermilion Energy’s payout ratio is presently -18.28%.

Vermilion Energy Company Profile

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion’s priorities are health and safety, the environment, and profitability, in that order.