Vermilion Energy Inc. (TSE:VET) Given Consensus Rating of “Hold” by Analysts

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$14.94.

A number of brokerages recently weighed in on VET. Desjardins lifted their price target on Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, March 9th. Royal Bank Of Canada upped 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. TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and raised their target price for the stock from C$14.00 to C$16.00 in a report on Thursday, March 5th. Scotiabank lifted their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Finally, BMO Capital Markets boosted their price target on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, December 11th.

Insiders Place Their Bets

In related news, insider Gerard Schut sold 10,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the sale, the insider directly owned 94,268 shares of the company’s stock, valued at approximately C$1,791,092. This represents a 9.59% decrease in their position. Insiders own 0.16% of the company’s stock.

Vermilion Energy Stock Performance

VET opened at C$18.24 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.84 and a debt-to-equity ratio of 58.60. The firm has a market cap of C$2.78 billion, a PE ratio of -4.29, a P/E/G ratio of -0.02 and a beta of 1.12. The business has a fifty day simple moving average of C$14.67 and a 200-day simple moving average of C$12.52. Vermilion Energy has a fifty-two week low of C$7.29 and a fifty-two week high of C$20.31.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a $0.135 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.0%. Vermilion Energy’s dividend payout ratio is currently -12.24%.

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.