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

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

Vermilion Energy Trading Up 0.6 %

Shares of TSE:VET opened at C$13.99 on Friday. Vermilion Energy has a 12-month low of C$11.87 and a 12-month high of C$18.53. The business has a 50 day moving average of C$13.32 and a 200-day moving average of C$14.62. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. The stock has a market cap of C$2.18 billion, a PE ratio of -2.74, a P/E/G ratio of -0.02 and a beta of 2.60.

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

Insider Activity

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of C$13.54 per share, for a total transaction of C$67,700.00. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VET. JPMorgan Chase & Co. cut their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Canaccord Genuity Group cut their price target on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. TD Securities lowered their price objective on Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. Royal Bank of Canada dropped their price objective on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Finally, Desjardins cut their target price on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.36.

Vermilion Energy Company Profile

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.