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

Vermilion Energy Inc. (TSE:VET - Get Free Report) 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 yield of 3.50%. The ex-dividend date of this dividend is Tuesday, December 31st.

Vermilion Energy Stock Performance

Vermilion Energy stock traded down C$0.27 during trading hours on Friday, hitting C$13.72. The stock had a trading volume of 744,814 shares, compared to its average volume of 770,258. The company has a 50-day moving average of C$13.32 and a two-hundred day moving average of C$14.62. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$18.53. The company has a market cap of C$2.14 billion, a PE ratio of -2.74, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The business had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. On average, equities research analysts anticipate that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the 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. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

VET has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Canaccord Genuity Group dropped their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada decreased their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. TD Securities cut their target price on shares of Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets lowered Vermilion Energy from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$19.36.

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.