Vermilion Energy (TSE:VET) Insider Sells C$190,000.00 in Stock

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the completion of the sale, the insider owned 94,268 shares in the company, valued at approximately C$1,791,092. This trade represents a 9.59% decrease in their position.

Vermilion Energy Price Performance

VET stock opened at C$19.07 on Friday. The firm has a 50 day moving average price of C$14.29 and a 200-day moving average price of C$12.36. Vermilion Energy Inc. has a 52-week low of C$7.29 and a 52-week high of C$20.31. The firm has a market capitalization of C$2.91 billion, a price-to-earnings ratio of -4.49, a PEG ratio of -0.02 and a beta of 1.12. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.40 and a current ratio of 0.84.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 2.8%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, March 13th. Vermilion Energy’s dividend payout ratio is presently -12.24%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Desjardins increased their price objective on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research report on Monday, March 9th. Royal Bank Of Canada raised their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 5th. ATB Cormark Capital Markets lifted their target price on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 11th. Finally, National Bank Financial upped their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$14.94.

Vermilion Energy Company Profile

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.