Vermilion Energy (TSE:VET) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$16.35 and traded as high as C$17.11. Vermilion Energy shares last traded at C$16.78, with a volume of 619,498 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on VET. BMO Capital Markets boosted their price target on Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Desjardins set a C$16.00 price objective on Vermilion Energy and gave the company a “hold” rating in a research note on Friday, July 17th. TD Securities raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, TD boosted their target price on 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 company’s 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 Price Performance

The company has a debt-to-equity ratio of 62.68, a quick ratio of 0.40 and a current ratio of 1.00. The stock has a market capitalization of C$2.51 billion, a PE ratio of -5.66, a P/E/G ratio of -0.02 and a beta of 0.26. The company’s fifty day simple moving average is C$16.72 and its two-hundred day simple moving average is C$16.36.

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

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be paid a $0.1350 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a yield of 3.3%. Vermilion Energy’s dividend payout ratio is presently -18.28%.

About Vermilion Energy

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.