Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of $0.12 on July 15th

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.12 per share on Monday, July 15th. This represents a $0.48 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, June 28th.

Vermilion Energy Stock Down 0.8 %

Shares of TSE VET opened at C$15.49 on Wednesday. Vermilion Energy has a 52-week low of C$13.30 and a 52-week high of C$21.60. The company has a debt-to-equity ratio of 32.96, a quick ratio of 0.40 and a current ratio of 1.15. The business has a fifty day moving average of C$16.11 and a two-hundred day moving average of C$15.75. The stock has a market cap of C$2.48 billion, a PE ratio of -4.10, a PEG ratio of -0.02 and a beta of 2.73.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.08 by C($1.07). The business had revenue of C$508.04 million for the quarter. Vermilion Energy had a negative net margin of 34.11% and a negative return on equity of 18.21%. As a group, equities research analysts expect that Vermilion Energy will post 1.6180556 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vermilion Energy news, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$16.37, for a total value of C$491,100.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of C$16.45 per share, with a total value of C$82,245.00. Also, Senior Officer Terrance Gerald Hergott sold 30,000 shares of Vermilion Energy stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$16.37, for a total value of C$491,100.00. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VET. Royal Bank of Canada upped their target price on shares of Vermilion Energy from C$20.00 to C$21.00 in a research report on Tuesday, April 9th. BMO Capital Markets set a C$21.00 price objective on Vermilion Energy and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Stifel Nicolaus lifted their target price on Vermilion Energy from C$20.25 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. National Bankshares upped their price target on Vermilion Energy from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, Canaccord Genuity Group lifted their price objective on Vermilion Energy from C$20.00 to C$20.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$21.71.

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.