Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of $0.12 on October 15th

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) announced a quarterly dividend on Friday, September 27th, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.12 per share on Tuesday, October 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, September 27th.

Vermilion Energy Stock Up 0.8 %

VET stock opened at C$13.43 on Wednesday. The stock has a market capitalization of C$2.09 billion, a P/E ratio of -2.66, a PEG ratio of -0.02 and a beta of 2.62. The company has a 50 day moving average price of C$13.67 and a two-hundred day moving average price of C$15.22. Vermilion Energy has a one year low of C$11.87 and a one year high of C$21.30. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The business had revenue of C$478.93 million during the quarter, compared to analysts’ expectations of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, sell-side analysts expect that Vermilion Energy will post 1.9130435 EPS for the current year.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of C$13.54 per share, with a total value of C$67,700.00. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

VET has been the topic of a number of research analyst reports. Desjardins reduced their target price on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Royal Bank of Canada cut their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. JPMorgan Chase & Co. lowered their price objective on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Canaccord Genuity Group reduced their price objective on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, BMO Capital Markets cut their target price on shares of Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$20.67.

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.