Key Points
- Insider Gerard Schut sold 10,000 shares at C$19.00 on March 19 for C$190,000, reducing his holding by 9.59% to 94,268 shares (≈C$1.79M).
- Vermilion raised its quarterly dividend to C$0.135 (annualized C$0.54), a 2.7% yield, payable March 31 with an ex-dividend date of March 13.
- Analysts maintain a consensus "Hold" rating with an average target of C$14.94 after several firms raised their price targets; one analyst has a Buy rating and six have Holds.
Vermilion Energy Inc. (TSE:VET - Get Free Report) (NYSE:VET) insider Gerard Schut sold 10,000 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the completion of the transaction, the insider directly owned 94,268 shares of the company's stock, valued at approximately C$1,791,092. The trade was a 9.59% decrease in their ownership of the stock.
Vermilion Energy Price Performance
Shares of TSE VET opened at C$19.83 on Friday. 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 Inc. has a 1 year low of C$7.29 and a 1 year high of C$20.16. The stock's 50-day simple moving average is C$14.14 and its 200-day simple moving average is C$12.29. The firm has a market cap of C$3.04 billion, a price-to-earnings ratio of -13.05, a PEG ratio of -0.02 and a beta of 1.12.
Vermilion Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.13. Vermilion Energy's dividend payout ratio is currently -33.55%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on VET shares. Desjardins raised their price target on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a "hold" rating in a research report on Monday, March 9th. ATB Cormark Capital Markets increased 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. BMO Capital Markets raised their price objective on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a "market perform" rating in a report on Thursday, December 11th. National Bank Financial boosted 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 report on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their target price 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. One investment 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, Vermilion Energy has an average rating of "Hold" and an average target price of C$14.94.
View Our Latest Report on VET
About Vermilion Energy
(
Get Free Report)
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.
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