Vermilion Energy (NYSE:VET) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.91 and traded as low as $9.41. Vermilion Energy shares last traded at $9.4710, with a volume of 1,397,011 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VET. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Price Performance

The stock has a fifty day simple moving average of $11.12 and a 200-day simple moving average of $10.91. The company has a market capitalization of $1.45 billion, a PE ratio of -2.48 and a beta of 0.31. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $369.04 million during the quarter, compared to analysts’ expectations of $368.66 million. Equities analysts anticipate that Vermilion Energy Inc. will post 0.54 earnings per share for the current year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio is -10.21%.

Institutional Trading of Vermilion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Vermilion Energy by 4.6% during the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after buying an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Vermilion Energy by 22.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after buying an additional 1,388,489 shares during the last quarter. Vanguard Group Inc. raised its stake in Vermilion Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after acquiring an additional 73,242 shares in the last quarter. UBS Group AG raised its stake in Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after acquiring an additional 3,029,328 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Vermilion Energy by 44.0% in 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 last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

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).