Vermilion Energy (TSE:VET) Shares Cross Above 200 Day Moving Average – Should You Sell?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.14 and traded as high as C$12.19. Vermilion Energy shares last traded at C$12.14, with a volume of 190,766 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on VET. BMO Capital Markets raised their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research note on Thursday, December 11th. TD Securities lifted their price target on Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. ATB Capital upped their price objective on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Desjardins lifted their target price on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, National Bankshares reduced their price target on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$14.11.

Vermilion Energy Price Performance

The stock has a market capitalization of C$1.97 billion, a PE ratio of -8.43, a P/E/G ratio of -0.02 and a beta of 0.80. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The stock’s 50-day moving average is C$11.94 and its 200 day moving average is C$11.16.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share (EPS) for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. The company had revenue of C$452.18 million during the quarter. As a group, equities analysts predict that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 4.1%. Vermilion Energy’s payout ratio is -33.55%.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was bought at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$578,000. This trade represents a 11.11% increase in their ownership of the stock. 0.16% of the stock is currently owned by 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.