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 business’s stock in a transaction on 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 transaction, the insider directly owned 94,268 shares in the company, valued at approximately C$1,791,092. This represents a 9.59% decrease in their position.

Vermilion Energy Price Performance

Shares of TSE:VET traded up C$2.68 during midday trading on Thursday, reaching C$20.02. The company’s stock had a trading volume of 4,300,986 shares, compared to its average volume of 1,373,398. Vermilion Energy Inc. has a fifty-two week low of C$7.29 and a fifty-two week high of C$20.15. The company has a market capitalization of C$3.07 billion, a P/E ratio of -13.17, a P/E/G ratio of -0.02 and a beta of 1.12. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.84 and a quick ratio of 0.40. The business’s fifty day simple moving average is C$13.97 and its 200-day simple moving average is C$12.23.

Vermilion Energy Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, March 13th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s dividend payout ratio is -33.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VET shares. Desjardins upped their target price 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. BMO Capital Markets boosted 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 research report on Thursday, December 11th. ATB Cormark Capital Markets increased their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 11th. Scotiabank lifted their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, National Bank Financial boosted their target price on 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. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.