#4 - Vermilion Energy (NYSE:VET)
Vermilion Energy (NYSE: VET) Current dividend yield: 8.21% - Utility companies are known to be good dividend stocks and when they pay out dividends monthly, all the better. Such is the case with the Canadian oil and gas provider, Vermilion Energy (VET). When considering investing in VET, investors should look beyond their dividend yield of just over eight percent and focus on where the utility’s assets are located. In North America, their assets make up 60% of the production and solid footholds in the Wyoming Powder River Basin and Canada’s gas-rich Manville play. In Australia, the company has two permanently manned off-shore platforms in the Wandoo field. And in Europe, the company receives premium pricing from its gas fields. The company also acquired Spartan Energy, a Saskatchewan oil producer in 2017. The company’s stock has been drawing recent interest from hedge funds and institutional investors –a bullish signal for investors. As confirmation of that signal, VET’s stock had a consensus BUY rating from analysts (as of March 1, 2019) with a target stock price of $40.50.
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.
Read More - Current Price
- $10.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
