Vermilion Energy Inc (NYSE:VET) (TSE:VET) announced a monthly dividend on Tuesday, January 16th, NASDAQ reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.173 per share by the oil and gas company on Thursday, February 15th. This represents a $2.08 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Tuesday, January 30th.
Vermilion Energy has decreased its dividend by an average of 5.3% per year over the last three years. Vermilion Energy has a dividend payout ratio of 505.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Vermilion Energy to earn $1.00 per share next year, which means the company may not be able to cover its $2.58 annual dividend with an expected future payout ratio of 258.0%.
Shares of Vermilion Energy (NYSE:VET) opened at $33.60 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4,014.53, a price-to-earnings ratio of 112.00 and a beta of 0.61. Vermilion Energy has a 52 week low of $29.91 and a 52 week high of $40.62.
Several equities analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Vermilion Energy in a research report on Monday. They set an “overweight” rating for the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price target on shares of Vermilion Energy in a research report on Monday, October 30th. Finally, ValuEngine lowered Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $47.83.
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Vermilion Energy Company Profile
Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.
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