Vermilion Energy Inc. (TSE:VET) Plans Quarterly Dividend of $0.13

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.13 per share on Tuesday, April 15th. This represents a $0.52 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Monday, March 31st. This is a 8.3% increase from Vermilion Energy’s previous quarterly dividend of $0.12.

Vermilion Energy Trading Down 1.0 %

VET stock traded down C$0.12 during mid-day trading on Friday, reaching C$11.68. 470,049 shares of the stock traded hands, compared to its average volume of 686,874. Vermilion Energy has a one year low of C$10.18 and a one year high of C$17.56. The stock has a market capitalization of C$1.81 billion, a PE ratio of -2.20, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The business has a 50-day moving average price of C$12.50 and a two-hundred day moving average price of C$13.22.

Wall Street Analyst Weigh In

Several brokerages recently commented on VET. TD Securities cut their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reduced their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, December 30th. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. BMO Capital Markets cut their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Finally, Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.06.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.