Vermilion Energy Inc (TSE:VET) (NYSE:VET) announced a monthly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.23 per share on Tuesday, October 15th. This represents a $2.76 annualized dividend and a dividend yield of 12.21%. The ex-dividend date is Friday, September 27th.
Shares of TSE:VET traded down C$0.39 during trading hours on Wednesday, hitting C$22.61. The stock had a trading volume of 595,601 shares, compared to its average volume of 1,119,561. The stock’s fifty day simple moving average is C$20.49 and its 200 day simple moving average is C$28.36. Vermilion Energy has a 1-year low of C$18.18 and a 1-year high of C$43.91. The firm has a market capitalization of $3.75 billion and a price-to-earnings ratio of 10.07. The company has a debt-to-equity ratio of 75.62, a quick ratio of 0.62 and a current ratio of 0.85.
Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Monday, July 29th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.38 by C($0.37). The business had revenue of C$428.04 million for the quarter, compared to the consensus estimate of C$436.70 million. As a group, research analysts anticipate that Vermilion Energy will post 0.68 EPS for the current year.
A number of research analysts recently commented on VET shares. Canaccord Genuity lowered their price objective on shares of Vermilion Energy from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price objective on shares of Vermilion Energy from C$43.00 to C$39.00 in a research note on Monday, July 29th. CIBC lowered their price objective on shares of Vermilion Energy from C$35.00 to C$32.50 in a research note on Tuesday, July 30th. TD Securities lowered their price objective on shares of Vermilion Energy from C$31.00 to C$26.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Finally, GMP Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$39.00 to C$30.00 in a research note on Friday, June 28th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$33.75.
In related news, Senior Officer Gerard Schut sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$21.41, for a total transaction of C$107,050.00. Following the completion of the sale, the insider now directly owns 55,610 shares in the company, valued at C$1,190,610.10.
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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