Vermilion Energy Inc. Announces Quarterly Dividend of $0.09 (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.0872 per share by the oil and gas company on Monday, July 15th. This represents a $0.35 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, June 28th.

Vermilion Energy has decreased its dividend by an average of 11.4% annually over the last three years and has raised its dividend every year for the last 2 years. Vermilion Energy has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vermilion Energy to earn $2.57 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 13.6%.

Vermilion Energy Stock Up 4.2 %

Shares of NYSE VET traded up $0.47 during mid-day trading on Thursday, reaching $11.73. The company had a trading volume of 2,446,260 shares, compared to its average volume of 1,229,849. The stock has a fifty day moving average of $11.83 and a two-hundred day moving average of $12.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -10.57 and a beta of 2.04. Vermilion Energy has a 12-month low of $9.81 and a 12-month high of $15.98.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.78). The business had revenue of $376.85 million for the quarter. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, equities research analysts expect that Vermilion Energy will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Vermilion Energy Company Profile

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.