Vermilion Energy (TSE:VET) Insider Gerard Schut Sells 10,000 Shares

Vermilion Energy Inc. (TSE:VET) (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 transaction, the insider directly owned 94,268 shares of the company’s stock, valued at C$1,791,092. This represents a 9.59% decrease in their position.

Vermilion Energy Stock Performance

Shares of TSE VET traded up C$2.68 during mid-day trading on Thursday, hitting C$20.02. The company had a trading volume of 4,300,986 shares, compared to its average volume of 1,373,398. Vermilion Energy Inc. has a 12 month low of C$7.29 and a 12 month high of C$20.15. The firm has a market cap of C$3.07 billion, a P/E ratio of -13.17, a PEG ratio of -0.02 and a beta of 1.12. The business’s 50-day simple moving average is C$13.97 and its 200-day simple moving average is C$12.23. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.84 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The company 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. The ex-dividend date is Friday, March 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s dividend payout ratio is -33.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VET shares. Desjardins boosted their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a research report on Monday, March 9th. Scotiabank lifted their price target on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. ATB Cormark Capital Markets boosted their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 11th. BMO Capital Markets increased their price objective on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$14.94.

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.