Vermilion Energy Inc. (NYSE:VET) to Issue C$0.13 Quarterly Dividend

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, December 15th will be given a dividend of 0.13 per share by the oil and gas company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Monday, December 15th.

Vermilion Energy has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Vermilion Energy has a payout ratio of -132.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vermilion Energy to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 67.3%.

Vermilion Energy Trading Down 0.3%

NYSE VET opened at $7.34 on Thursday. The company has a fifty day simple moving average of $7.68 and a two-hundred day simple moving average of $7.42. The stock has a market cap of $1.13 billion, a P/E ratio of -8.44 and a beta of 1.13. Vermilion Energy has a 12-month low of $5.14 and a 12-month high of $10.85. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). The company had revenue of $392.33 million during the quarter, compared to analysts’ expectations of $562.50 million. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. On average, analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on VET. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Wall Street Zen lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, October 8th. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Vermilion Energy has a consensus rating of “Hold”.

About Vermilion Energy

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.