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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.12 per share on Monday, July 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, June 28th.

Vermilion Energy Trading Up 0.9 %

TSE:VET traded up C$0.14 on Friday, hitting C$16.20. 555,542 shares of the stock were exchanged, compared to its average volume of 770,781. The stock has a market cap of C$2.61 billion, a PE ratio of -11.08, a PEG ratio of -0.02 and a beta of 2.72. Vermilion Energy has a fifty-two week low of C$13.30 and a fifty-two week high of C$21.60. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93. The stock has a fifty day moving average of C$16.10 and a 200-day moving average of C$16.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The business had revenue of C$522.97 million during the quarter, compared to analyst estimates of C$593.34 million. As a group, equities analysts expect that Vermilion Energy will post 1.766147 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VET. National Bankshares increased their price target on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Stifel Nicolaus boosted their price target on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada upped their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Canaccord Genuity Group increased their target price on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, CIBC reduced their target price on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.54.

Insider Buying and Selling

In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. In other Vermilion Energy news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. Also, Director Myron Maurice Stadnyk bought 3,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. 0.15% of the stock is currently owned by company insiders.

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.