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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) insider Dion Hatcher purchased 1,600 shares of the firm’s stock in a transaction on 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 purchase, the insider owned 23,000 shares in the company, valued at C$237,820. The trade was a 7.48% increase in their position.

Vermilion Energy Trading Down 7.1%

Shares of VET stock opened at C$10.57 on Monday. The firm has a market cap of C$1.63 billion, a P/E ratio of -8.66, a PEG ratio of -0.02 and a beta of 0.62. Vermilion Energy Inc. has a 1-year low of C$7.29 and a 1-year high of C$15.17. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The firm’s 50-day simple moving average is C$10.66 and its 200-day simple moving average is C$10.13.

Vermilion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on VET shares. Scotiabank boosted their price objective on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets lifted their target price on Vermilion Energy from C$10.50 to C$12.00 and gave the company a “market perform” rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Vermilion Energy has an average rating of “Hold” and a consensus target price 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.