Vermilion Energy Inc (NYSE:VET) Plans $0.17 Monthly Dividend

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Vermilion Energy Inc (NYSE:VET) (TSE:VET) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.174 per share by the oil and gas company on Friday, November 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 13.74%. The ex-dividend date of this dividend is Wednesday, October 30th.

Vermilion Energy has decreased its dividend by an average of 0.3% per year over the last three years.

Shares of NYSE:VET traded down $0.02 during midday trading on Thursday, reaching $15.20. 93,738 shares of the company’s stock were exchanged, compared to its average volume of 995,772. The company’s 50 day simple moving average is $15.73 and its two-hundred day simple moving average is $19.96. The firm has a market capitalization of $2.36 billion, a PE ratio of 19.74 and a beta of 1.19. Vermilion Energy has a 12 month low of $13.62 and a 12 month high of $30.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 0.85.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.27). The business had revenue of $320.01 million for the quarter, compared to the consensus estimate of $323.16 million. Vermilion Energy had a return on equity of 11.59% and a net margin of 18.66%. On average, research analysts anticipate that Vermilion Energy will post 0.41 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Vermilion Energy in a report on Monday, July 15th. They set a “neutral” rating and a $32.00 price target for the company. BMO Capital Markets set a $30.00 price target on shares of Vermilion Energy and gave the company a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada downgraded shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $40.00 to $33.00 in a report on Thursday, July 18th. ValuEngine raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research reissued a “hold” rating on shares of Vermilion Energy in a report on Saturday, October 5th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Dividend History for Vermilion Energy (NYSE:VET)

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