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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.12 per share on Wednesday, January 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Tuesday, December 31st.

Vermilion Energy Price Performance

Shares of TSE VET opened at C$13.99 on Friday. The firm has a market cap of C$2.18 billion, a PE ratio of -2.74, a PEG ratio of -0.02 and a beta of 2.60. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. Vermilion Energy has a 1-year low of C$11.87 and a 1-year high of C$18.53. The company has a fifty day moving average price of C$13.32 and a 200 day moving average price of C$14.62.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). The company had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. Research analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$20.00 to C$16.00 in a research note on Friday, October 4th. National Bankshares cut their target price on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Royal Bank of Canada reduced their price target on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Desjardins reduced their price target 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. Finally, Canaccord Genuity Group reduced their price target on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.36.

Insider Buying and Selling at Vermilion Energy

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

Vermilion Energy Company Profile

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.