Vermilion Energy Inc. (VET) To Go Ex-Dividend on September 15th

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 15th will be given a dividend of 0.135 per share by the oil and gas company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 15th.

Vermilion Energy has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Vermilion Energy has a dividend payout ratio of -139.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Vermilion Energy Price Performance

Shares of NYSE:VET opened at $11.49 on Friday. The company’s fifty day moving average price is $10.43 and its 200 day moving average price is $11.13. Vermilion Energy has a 12 month low of $7.00 and a 12 month high of $14.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market capitalization of $1.76 billion, a P/E ratio of -5.44 and a beta of 0.31.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.17%. The firm had revenue of $390.53 million during the quarter, compared to analysts’ expectations of $330.39 million.

Analyst Ratings Changes

VET has been the subject of several research reports. Weiss Ratings downgraded Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.00.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).