Insider Selling: Vermilion Energy Inc. (TSE:VET) Senior Officer Sells 50,000 Shares of Stock

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total value of C$825,000.00.

Vermilion Energy Trading Up 1.4 %

TSE:VET traded up C$0.24 during trading hours on Thursday, reaching C$16.84. 593,236 shares of the company were exchanged, compared to its average volume of 801,208. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. Vermilion Energy Inc. has a 52-week low of C$13.30 and a 52-week high of C$21.60. The firm has a market cap of C$2.73 billion, a price-to-earnings ratio of -11.45, a PEG ratio of -0.02 and a beta of 2.71. The stock has a 50 day simple moving average of C$14.91 and a 200 day simple moving average of C$16.92.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.10%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Raymond James dropped their price target on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. BMO Capital Markets reduced their price target on Vermilion Energy from C$22.00 to C$19.00 in a report on Tuesday, December 12th. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and raised their target price for the company from C$18.00 to C$20.00 in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a report on Friday, March 8th. Finally, Stifel Nicolaus dropped their target price on shares of Vermilion Energy from C$27.00 to C$24.00 in a report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$21.77.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.