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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 3.73%. The ex-dividend date of this dividend is Tuesday, December 31st.

Vermilion Energy Stock Down 2.1 %

Vermilion Energy stock opened at C$12.86 on Friday. 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$11.84 and a 1-year high of C$17.56. The firm’s fifty day simple moving average is C$13.60 and its 200-day simple moving average is C$13.95. The company has a market capitalization of C$2.00 billion, a P/E ratio of -2.52, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The company had revenue of C$490.10 million for 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%. Sell-side analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. National Bankshares upped their price objective on shares of Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Tuesday, December 24th. BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. ATB Capital cut their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Tuesday, December 24th. Finally, Canaccord Genuity Group lowered their price target on Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$18.86.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.