Vermilion Energy Inc (TSE:VET) Plans Monthly Dividend of $0.23

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Vermilion Energy Inc (TSE:VET) (NYSE:VET) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Thursday, October 31st will be given a dividend of 0.23 per share on Friday, November 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 13.73%. The ex-dividend date of this dividend is Wednesday, October 30th.

Shares of TSE:VET traded down C$0.08 during mid-day trading on Tuesday, reaching C$20.10. 341,620 shares of the company were exchanged, compared to its average volume of 1,187,232. The company has a debt-to-equity ratio of 75.62, a current ratio of 0.85 and a quick ratio of 0.62. The firm has a market cap of $3.10 billion and a price-to-earnings ratio of 8.95. The firm’s 50-day simple moving average is C$21.04 and its 200 day simple moving average is C$25.75. Vermilion Energy has a 1 year low of C$18.18 and a 1 year high of C$36.83.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.37). The business had revenue of C$428.04 million for the quarter, compared to the consensus estimate of C$436.70 million. On average, research analysts forecast that Vermilion Energy will post 0.6916895 earnings per share for the current fiscal year.

VET has been the subject of several recent research reports. BMO Capital Markets decreased their price target on shares of Vermilion Energy from C$35.00 to C$30.00 in a research report on Tuesday, July 30th. Royal Bank of Canada decreased their price target on shares of Vermilion Energy from C$32.00 to C$24.00 in a research report on Friday, October 18th. Eight Capital decreased their price objective on shares of Vermilion Energy from C$42.00 to C$39.50 in a research report on Tuesday, July 30th. Canaccord Genuity decreased their price objective on shares of Vermilion Energy from C$45.00 to C$40.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Bank of America decreased their price objective on shares of Vermilion Energy from C$38.00 to C$31.00 in a research report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Vermilion Energy currently has an average rating of “Buy” and an average target price of C$32.13.

In other news, Senior Officer Gerard Schut sold 5,000 shares of Vermilion Energy stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$23.07, for a total transaction of C$115,350.00. Following the completion of the sale, the insider now directly owns 53,364 shares of the company’s stock, valued at approximately C$1,231,107.48.

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 (TSE:VET)

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