Vermilion Energy Inc (NYSE:VET) Announces $0.17 Monthly Dividend

Vermilion Energy Inc (NYSE:VET) (TSE:VET) announced a monthly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.1713 per share by the oil and gas company on Monday, July 15th. This represents a $2.06 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date of this dividend is Thursday, June 27th.

Vermilion Energy has decreased its dividend payment by an average of 0.3% annually over the last three years.

VET traded up $0.52 during midday trading on Wednesday, reaching $22.08. The company’s stock had a trading volume of 48,340 shares, compared to its average volume of 434,614. The stock has a market capitalization of $3.34 billion, a PE ratio of 28.68, a P/E/G ratio of 0.81 and a beta of 1.14. The firm has a fifty day simple moving average of $21.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 0.71. Vermilion Energy has a twelve month low of $19.43 and a twelve month high of $37.81.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). Vermilion Energy had a return on equity of 13.10% and a net margin of 15.42%. The firm had revenue of $361.86 million during the quarter. As a group, sell-side analysts expect that Vermilion Energy will post 1.02 earnings per share for the current year.

A number of analysts have commented on the company. Zacks Investment Research downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 23rd. TheStreet upgraded Vermilion Energy from a “d+” rating to a “c” rating in a research report on Friday, March 22nd. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. BMO Capital Markets reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, February 28th. Finally, Raymond James restated a “buy” rating on shares of Vermilion Energy in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.67.

Vermilion Energy Company Profile

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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Dividend History for Vermilion Energy (NYSE:VET)

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