Vermilion Energy Inc. (VET) to Issue Quarterly Dividend of C$0.13 on December 31st

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a quarterly dividend on Wednesday, November 5th. Investors 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) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, December 15th.

Vermilion Energy has decreased its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 3 years. Vermilion Energy has a dividend payout ratio of -132.1% 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 $0.37 annual dividend with an expected future payout ratio of 67.3%.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $7.96 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. Vermilion Energy has a one year low of $5.14 and a one year high of $10.85. The business’s 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $7.43. The stock has a market capitalization of $1.22 billion, a P/E ratio of -9.15 and a beta of 1.13.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The firm had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. Analysts forecast that Vermilion Energy will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Desjardins lowered Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, October 8th. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.