Gerard Schut Sells 10,000 Shares of Vermilion Energy (TSE:VET) 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 transaction of C$190,000.00. Following the completion of the sale, 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 Stock Performance

Shares of VET opened at C$19.07 on Friday. The stock has a market capitalization of C$2.93 billion, a price-to-earnings ratio of -12.55, a PEG ratio of -0.02 and a beta of 1.12. Vermilion Energy Inc. has a 12 month low of C$7.29 and a 12 month high of C$20.31. The firm has a fifty day simple moving average of C$14.29 and a 200 day simple moving average of C$12.35. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.135 per share. The ex-dividend date is Friday, March 13th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 2.8%. Vermilion Energy’s dividend payout ratio is currently -33.55%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VET. National Bank Financial increased their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada lifted their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. Desjardins boosted their price objective on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, March 9th. ATB Cormark Capital Markets upped their target price 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. Finally, BMO Capital Markets raised their target price 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. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy currently has an average 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.