Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of $0.13 on April 15th

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders 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 annualized dividend 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 Price Performance

Shares of TSE:VET traded down C$0.12 during midday trading on Friday, reaching C$11.68. 470,049 shares of the company’s stock were exchanged, compared to its average volume of 686,874. 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 company’s 50 day simple moving average is C$12.50 and its two-hundred day simple moving average is C$13.22. Vermilion Energy has a 12 month low of C$10.18 and a 12 month high of C$17.56. The firm has a market capitalization of C$1.81 billion, a PE ratio of -2.20, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Analysts Set New Price Targets

Several research firms have recently weighed in on VET. BMO Capital Markets lowered their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. TD Securities dropped their price objective on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. ATB Capital cut their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. Finally, Royal Bank of Canada lowered their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.