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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors 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 yield of 3.43%. The ex-dividend date of this dividend is Tuesday, December 31st.

Vermilion Energy Stock Performance

Shares of VET opened at C$13.99 on Friday. The stock has a 50 day moving average price of C$13.32 and a 200 day moving average price 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 company 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 has a 52-week low of C$11.87 and a 52-week high of C$18.53.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). The business 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%. Research analysts predict that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Insider Transactions at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price of C$13.54 per share, for a total transaction of C$67,700.00. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. Royal Bank of Canada decreased their price objective on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Canaccord Genuity Group decreased their price objective on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Finally, Desjardins decreased their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Vermilion Energy has an average rating of “Moderate Buy” and an average price target 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.