Dion Hatcher Buys 1,600 Shares of Vermilion Energy (TSE:VET) Stock

Key Points

• Dion Hatcher, an insider at Vermilion Energy, purchased 1,600 shares at an average price of C$10.34, increasing their ownership by 7.48% to a total of 23,000 shares valued at C$237,820.
• Vermilion Energy recently announced a quarterly dividend of $0.13 per share, with a dividend yield of 4.9% and an ex-dividend date of September 29.
• Analysts have shown confidence in the stock, with target price adjustments from C$13.00 to C$14.00 by Scotiabank and from C$10.50 to C$12.00 by BMO Capital Markets, as the consensus rating remains a "Hold."

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET insider Dion Hatcher bought 1,600 shares of Vermilion Energy stock in a transaction dated Thursday, September 11th. The stock was acquired at an average cost of C$10.34 per share, for a total transaction of C$16,544.00. Following the completion of the acquisition, the insider directly owned 23,000 shares in the company, valued at C$237,820. This represents a 7.48% increase in their ownership of the stock.

Vermilion Energy Price Performance

Shares of VET traded down C$0.81 on Friday, hitting C$10.57. The company's stock had a trading volume of 1,649,251 shares, compared to its average volume of 803,341. The company has a market capitalization of C$1.63 billion, a PE ratio of -8.66, a PEG ratio of -0.02 and a beta of 0.62. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. Vermilion Energy Inc. has a fifty-two week low of C$7.29 and a fifty-two week high of C$15.17. The company has a 50 day moving average price of C$10.66 and a 200 day moving average price of C$10.16.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, September 29th. Vermilion Energy's payout ratio is presently -40.98%.

Wall Street Analysts Forecast Growth

VET has been the topic of several recent analyst reports. Scotiabank boosted their target price on Vermilion Energy from C$13.00 to C$14.00 and gave the stock a "sector perform" rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$14.60.

Vermilion Energy Company Profile

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.

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