Vermilion Energy Inc (TSE:VET) (NYSE:VET) Director Catherine L. Williams acquired 1,000 shares of the stock in a transaction dated Thursday, September 6th. The shares were purchased at an average price of C$41.00 per share, for a total transaction of C$41,000.00.
TSE:VET traded up C$0.65 during trading hours on Friday, reaching C$41.33. The company had a trading volume of 473,943 shares, compared to its average volume of 598,783. Vermilion Energy Inc has a one year low of C$39.41 and a one year high of C$50.46.
Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Monday, July 30th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.10. Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%. The firm had revenue of C$394.50 million for the quarter, compared to analysts’ expectations of C$359.75 million.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be paid a $0.23 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Thursday, August 30th.
A number of analysts have weighed in on VET shares. GMP Securities upped their price target on Vermilion Energy from C$54.00 to C$57.00 in a research report on Tuesday, May 29th. CIBC upped their price target on Vermilion Energy from C$55.00 to C$60.00 in a research report on Friday, July 20th. JPMorgan Chase & Co. upped their price target on Vermilion Energy from C$49.00 to C$63.00 in a research report on Saturday, July 14th. Canaccord Genuity upped their price target on Vermilion Energy from C$57.00 to C$60.00 in a research report on Tuesday, July 10th. Finally, TD Securities upped their price target on Vermilion Energy from C$54.00 to C$55.00 and gave the company a “buy” rating in a research report on Tuesday, May 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$58.36.
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.
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