Vermilion Energy Inc. (TSE:VET) Announces Dividend Increase – $0.14 Per Share

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.135 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. This is a 3.8% increase from Vermilion Energy’s previous quarterly dividend of $0.13.

Vermilion Energy Price Performance

VET stock traded up C$0.09 during midday trading on Wednesday, reaching C$15.70. The stock had a trading volume of 571,810 shares, compared to its average volume of 1,316,078. Vermilion Energy has a 52-week low of C$7.29 and a 52-week high of C$16.39. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60. The company’s fifty day simple moving average is C$13.35 and its 200 day simple moving average is C$12.00. The company has a market cap of C$2.41 billion, a price-to-earnings ratio of -10.33, a price-to-earnings-growth ratio of -0.02 and a beta of 1.12.

Analysts Set New Price Targets

VET has been the topic of a number of recent research reports. Desjardins boosted their price target on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research report on Monday. National Bank Financial increased their price target on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada lifted their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 5th. BMO Capital Markets upped their target price on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, December 11th. Finally, ATB Cormark Capital Markets raised their target price on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$14.94.

Vermilion Energy Company Profile

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.