Vermilion Energy Inc. Announces Quarterly Dividend of $0.09 (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, June 28th will be paid a dividend of 0.0872 per share by the oil and gas company on Monday, July 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, June 28th.

Vermilion Energy has decreased its dividend by an average of 11.4% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Vermilion Energy has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vermilion Energy to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 13.6%.

Vermilion Energy Stock Performance

VET stock traded up $0.50 on Thursday, reaching $11.76. 2,324,598 shares of the company were exchanged, compared to its average volume of 1,228,417. Vermilion Energy has a 12 month low of $9.81 and a 12 month high of $15.98. The stock’s fifty day moving average price is $11.82 and its 200 day moving average price is $12.09. The firm has a market capitalization of $1.88 billion, a PE ratio of -10.95 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.10.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The company had revenue of $376.85 million for the quarter. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, research analysts anticipate that Vermilion Energy will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Vermilion Energy Company Profile

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.