Vermilion Energy Inc. Declares Quarterly Dividend of $0.12 (TSE:VET)

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.12 per share on Wednesday, January 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Tuesday, December 31st.

Vermilion Energy Stock Performance

Shares of TSE:VET opened at C$13.99 on Friday. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40. The business’s fifty day moving average price is C$13.32 and its two-hundred day moving average price is C$14.62. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$18.53. The stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of -2.74, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The firm had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. As a group, analysts predict that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of C$13.54 per share, for a total transaction of C$67,700.00. 0.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VET. Canaccord Genuity Group cut their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. TD Securities cut their price target on Vermilion Energy from C$20.00 to C$18.00 in a report on Tuesday, October 1st. Royal Bank of Canada decreased their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Desjardins dropped their target price on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$20.00 to C$16.00 in a research note on Friday, October 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.36.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.