Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.84 and traded as high as C$18.73. Vermilion Energy shares last traded at C$18.56, with a volume of 1,236,987 shares.
Analysts Set New Price Targets
Several research analysts have recently issued reports on VET shares. Scotiabank upped their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 20th. Desjardins upped their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the stock a "hold" rating in a research report on Monday, March 9th. ATB Cormark Capital Markets raised Vermilion Energy from a "hold" rating to a "moderate buy" rating and upped their price objective for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. Royal Bank Of Canada upped their price objective on Vermilion Energy from C$15.00 to C$22.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 8th. Finally, National Bank Financial upped their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$17.79.
Read Our Latest Analysis on VET
Vermilion Energy Trading Up 0.9%
The stock has a market capitalization of C$2.83 billion, a price-to-earnings ratio of -4.37, a PEG ratio of -0.02 and a beta of 0.53. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.40 and a current ratio of 0.84. The business has a 50-day moving average of C$17.07 and a 200-day moving average of C$13.84.
Vermilion Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.54 annualized dividend and a yield of 2.9%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.13. Vermilion Energy's dividend payout ratio (DPR) is currently -12.24%.
Insider Activity at Vermilion Energy
In other Vermilion Energy news, insider Gerard Schut sold 10,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at C$1,791,092. This represents a 9.59% decrease in their position. Also, insider Yvonne Jeffery sold 6,332 shares of the company's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$19.51, for a total value of C$123,537.32. Following the sale, the insider directly owned 30,527 shares of the company's stock, valued at approximately C$595,581.77. This represents a 17.18% decrease in their ownership of the stock. 0.16% of the stock is owned by corporate insiders.
About Vermilion Energy
(
Get Free Report)
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.
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