Vermilion Energy Inc (TSE:VET) (NYSE:VET) declared a monthly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.23 per share on Tuesday, October 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 12.30%. The ex-dividend date is Friday, September 27th.
Shares of VET traded down C$0.56 during midday trading on Wednesday, reaching C$22.44. The stock had a trading volume of 405,792 shares, compared to its average volume of 1,117,492. The company’s 50-day moving average is C$20.49 and its 200 day moving average is C$28.36. Vermilion Energy has a 12-month low of C$18.18 and a 12-month high of C$43.91. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 75.62. The company has a market capitalization of $3.75 billion and a price-to-earnings ratio of 9.99.
Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.38 by C($0.37). The firm had revenue of C$428.04 million during the quarter, compared to analysts’ expectations of C$436.70 million. Research analysts forecast that Vermilion Energy will post 0.68 EPS for the current fiscal year.
In other news, Senior Officer Gerard Schut sold 5,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$21.41, for a total value of C$107,050.00. Following the completion of the sale, the insider now owns 55,610 shares of the company’s stock, valued at approximately C$1,190,610.10.
A number of research firms have recently weighed in on VET. BMO Capital Markets lowered their target price on Vermilion Energy from C$35.00 to C$30.00 in a research note on Tuesday, July 30th. Eight Capital lowered their target price on Vermilion Energy from C$42.00 to C$39.50 in a research note on Tuesday, July 30th. GMP Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$39.00 to C$30.00 in a research note on Friday, June 28th. Bank of America lowered their target price on Vermilion Energy from C$38.00 to C$31.00 in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada lowered their target price on Vermilion Energy from C$33.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 30th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Vermilion Energy presently has an average rating of “Buy” and an average price target of C$33.75.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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