Gerard Schut Sells 3,000 Shares of Vermilion Energy (VET) Stock

Vermilion Energy (TSE:VET) (NYSE:VET) insider Gerard Schut sold 3,000 shares of Vermilion Energy stock in a transaction dated Friday, May 18th. The shares were sold at an average price of C$47.54, for a total transaction of C$142,620.00.

Vermilion Energy traded down C$0.51, reaching C$45.94, on Wednesday, Marketbeat reports. The stock had a trading volume of 913,333 shares, compared to its average volume of 540,271. Vermilion Energy has a 1-year low of C$38.33 and a 1-year high of C$50.46.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Thursday, April 26th. The company reported C$0.20 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.07). The firm had revenue of C$318.27 million during the quarter, compared to analyst estimates of C$291.61 million. Vermilion Energy had a net margin of 2.94% and a return on equity of 2.23%.

The company also recently declared a monthly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.22. This represents a $2.76 dividend on an annualized basis and a yield of 6.01%.

VET has been the topic of several recent research reports. Royal Bank of Canada decreased their target price on shares of Vermilion Energy from C$53.00 to C$52.00 in a research report on Friday, April 27th. National Bank Financial lifted their target price on shares of Vermilion Energy from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$50.00 to C$47.00 in a research report on Tuesday, April 17th. JPMorgan Chase & Co. set a C$50.00 target price on shares of Vermilion Energy and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, CIBC lifted their target price on shares of Vermilion Energy from C$52.00 to C$55.00 in a research report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Vermilion Energy currently has an average rating of “Buy” and a consensus target price of C$53.00.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

Insider Buying and Selling by Quarter for Vermilion Energy (TSE:VET)

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