Vermilion Energy Inc. (NYSE:VET) Declares Dividend of $0.13

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET announced a dividend on Saturday, June 21st, investing.com reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.13 per share by the oil and gas company on Tuesday, July 15th. This represents a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, June 30th.

Vermilion Energy has a dividend payout ratio of -135.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Vermilion Energy to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 69.1%.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock traded down $0.27 during trading hours on Tuesday, reaching $7.49. The company's stock had a trading volume of 1,368,369 shares, compared to its average volume of 1,249,266. The firm has a 50 day moving average price of $6.86 and a 200-day moving average price of $8.04. Vermilion Energy has a one year low of $5.14 and a one year high of $11.52. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.64. The stock has a market cap of $1.15 billion, a P/E ratio of -46.79 and a beta of 1.13.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.10). Vermilion Energy had a negative return on equity of 1.22% and a negative net margin of 1.71%. The business had revenue of $395.26 million during the quarter, compared to the consensus estimate of $569.00 million. On average, analysts predict that Vermilion Energy will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VET shares. Wall Street Zen downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. National Bankshares reiterated an "outperform" rating on shares of Vermilion Energy in a report on Friday, April 25th. Finally, Desjardins upgraded shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Institutional Investors Weigh In On Vermilion Energy

An institutional investor recently raised its position in Vermilion Energy stock. Goldman Sachs Group Inc. lifted its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 51.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,630,488 shares of the oil and gas company's stock after purchasing an additional 553,281 shares during the period. Goldman Sachs Group Inc. owned about 1.06% of Vermilion Energy worth $13,207,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 31.91% of the company's stock.

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.