Vermilion Energy (TSE:VET) Insider Acquires C$16,544.00 in Stock

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) insider Dion Hatcher purchased 1,600 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were bought at an average cost of C$10.34 per share, for a total transaction of C$16,544.00. Following the completion of the transaction, the insider directly owned 23,000 shares in the company, valued at C$237,820. This trade represents a 7.48% increase in their position.

Vermilion Energy Price Performance

Shares of VET opened at C$10.57 on Tuesday. The business’s 50-day moving average is C$10.65 and its two-hundred day moving average is C$10.13. The company has a market capitalization of C$1.63 billion, a P/E ratio of -8.66, a P/E/G ratio of -0.02 and a beta of 0.62. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. Vermilion Energy Inc. has a fifty-two week low of C$7.29 and a fifty-two week high of C$15.17.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, September 29th. Vermilion Energy’s dividend payout ratio (DPR) is currently -40.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VET shares. BMO Capital Markets increased their price target on Vermilion Energy from C$10.50 to C$12.00 and gave the stock a “market perform” rating in a research report on Friday, August 8th. Scotiabank increased their target price on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Hold” and a consensus price target of C$14.60.

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.