Jenson Jit-Chang Tan Sells 50,000 Shares of Vermilion Energy Inc. (TSE:VET) Stock

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy 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 Stock Up 1.4 %

Shares of TSE VET traded up C$0.24 during trading hours on Thursday, hitting C$16.84. 593,236 shares of the stock were exchanged, compared to its average volume of 801,208. The company has a market cap of C$2.73 billion, a PE ratio of -11.45, a PEG ratio of -0.02 and a beta of 2.71. Vermilion Energy Inc. has a 12 month low of C$13.30 and a 12 month high of C$21.60. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. The firm has a fifty day moving average price of C$14.91 and a 200-day moving average price of C$16.92.

Vermilion Energy Increases Dividend

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

Analysts Set New Price Targets

VET has been the topic of a number of analyst reports. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$18.00 to C$20.00 in a research note on Wednesday. Raymond James dropped their price objective on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. JPMorgan Chase & Co. dropped their price objective on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a research note on Friday, March 8th. Stifel Nicolaus reduced their price objective on Vermilion Energy from C$27.00 to C$24.00 in a report on Thursday, December 14th. Finally, ATB Capital decreased their price objective on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vermilion Energy has an average 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.