Vermilion Energy Inc. (TSE:VET) Declares Dividend Increase – $0.13 Per Share

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given 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 Stock Down 1.0 %

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. Vermilion Energy has a 52-week low of C$10.18 and a 52-week high of C$17.56. The business’s fifty day moving average price is C$12.50 and its two-hundred day moving average price is C$13.22. The stock 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.

Analyst Ratings Changes

A number of brokerages have issued reports on VET. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. National Bankshares upped their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Desjardins downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Royal Bank of Canada dropped their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Monday, December 30th. Finally, TD Securities reduced 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 research report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.