Vermilion Energy (NYSE:VET) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.26 and traded as low as $11.07. Vermilion Energy shares last traded at $11.48, with a volume of 1,434,522 shares traded.

Analyst Upgrades and Downgrades

VET has been the subject of several recent research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Weiss Ratings lowered Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Performance

The stock has a fifty day moving average price of $10.35 and a two-hundred day moving average price of $11.27. The company has a market cap of $1.73 billion, a P/E ratio of -5.36 and a beta of 0.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. The business had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is -18.48%.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its position in Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after buying an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after acquiring an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Vermilion Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock valued at $56,005,000 after acquiring an additional 73,242 shares in the last quarter. UBS Group AG increased its stake in shares of Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after acquiring an additional 3,029,328 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Vermilion Energy by 44.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after acquiring an additional 1,487,870 shares during the period. 31.91% of the stock is currently owned by institutional investors.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).