Vermilion Energy Inc. (TSE: VET – Get Rating) (NYSE: VET) Senior Officer Gerard Schut sold 7,500 shares of the company in a trade on Friday, September 30. The shares were sold at an average price of CA$30.00, for a total value of CA$225,000.00. Following the completion of the sale, the insider now owns 81,109 shares of the company, valued at C$2,433,270.
Vermilion Energy Price Performance
Vermilion Energy stock traded C$0.55 midday Friday, hitting C$29.57. The company’s shares had a trading volume of 1,649,304 shares, compared to its average volume of 2,021,376. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt of 58.90. The stock’s 50-day moving average price is C$32.01 and its 200-day moving average price is C$28.44. Vermilion Energy Inc. has a 12-month low of CA$11.15 and a 12-month high of CA$39.21. The company has a market capitalization of C$4.85 billion and a PE ratio of 6.50.
Vermilion Energy increases its dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17. Shareholders of record on Friday, September 30 will receive a dividend of $0.08. The ex-date of this dividend is Thursday, September 29. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.06. This represents an annualized dividend of $0.32 and a yield of 1.08%. Vermilion Energy’s payout ratio is 2.64%.
Wall Street analysts predict growth
A number of research companies have published reports on VET. CIBC raised its target price on Vermilion Energy from CA$34.00 to CA$36.00 in a Monday, August 22 research note. ATB Capital raised its target price on Vermilion Energy from CA$31.00 to CA$36.00 and gave the company an “na” rating in a Thursday, June 2 research note. TD Securities raised its target price on Vermilion Energy from C$40.00 to C$45.00 and gave the company a “buy” rating in a Friday, Aug. 12 research note. BMO Capital Markets raised its price target on Vermilion Energy shares from C$35.00 to C$40.00 in a Friday, August 12 research note. Finally, Scotiabank downgraded shares of Vermilion Energy from an “outperform” rating to an “sector performance” rating in a Friday, September 16 research note. Three research analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$38.09.
Vermilion Energy Company Profile
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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development and production of oil and natural gas in North America, Europe and Australia. The Company has an 81% working interest in 636,714 net acres of developed land and an 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River Basin in the United States; Working interest of 96% in 248,873 net acres of built land and working interest of 86% in 134,160 net acres of undeveloped land in the Aquitaine and Paris basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net acres developed and 920,723 net acres undeveloped in Germany; 975,375 net acres of land in Croatia; 946,666 net acres of land in Hungary; and 48,954 net acres of land in Slovakia.
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