Vermilion Energy Inc. (NYSE:VET) Plans C$0.14 Quarterly Dividend

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 15th will be paid a dividend of 0.135 per share by the oil and gas company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, June 15th.

Vermilion Energy has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. Vermilion Energy has a payout ratio of -139.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vermilion Energy to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.39 annual dividend with an expected future payout ratio of 60.0%.

Vermilion Energy Stock Down 13.1%

NYSE VET traded down $1.79 on Wednesday, reaching $11.85. The company had a trading volume of 3,242,264 shares, compared to its average volume of 2,208,543. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.84. Vermilion Energy has a 1-year low of $5.89 and a 1-year high of $14.82. The company’s fifty day moving average is $12.43 and its 200-day moving average is $10.03.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. On average, research analysts forecast that Vermilion Energy will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VET has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on shares of Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 5th. Zacks Research lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Sunday, April 12th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Finally, ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).