Thursday, February 28, 2019

Vermilion Energy Inc (VET) Announces $0.23 Monthly Dividend

Vermilion Energy Inc (TSE:VET) (NYSE:VET) announced a monthly dividend on Wednesday, February 27th, TickerTech reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.23 per share on Friday, March 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date is Wednesday, February 27th.

Shares of TSE:VET traded down C$0.02 on Tuesday, reaching C$33.29. 939,529 shares of the company’s stock were exchanged, compared to its average volume of 825,244. The stock has a market capitalization of $5.03 billion and a price-to-earnings ratio of -102.43. Vermilion Energy has a fifty-two week low of C$26.67 and a fifty-two week high of C$49.67. The company has a debt-to-equity ratio of 73.75, a quick ratio of 0.43 and a current ratio of 0.52.

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In other news, Director Catherine L. Williams acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average price of C$30.40 per share, with a total value of C$60,800.00. Also, Senior Officer Mona Jean Jasinski acquired 2,830 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was purchased at an average cost of C$31.13 per share, for a total transaction of C$88,108.65. Following the acquisition, the insider now owns 33,771 shares in the company, valued at C$1,051,419.56.

A number of analysts recently weighed in on the stock. Canaccord Genuity dropped their price objective on shares of Vermilion Energy from C$55.00 to C$43.00 in a report on Thursday, January 10th. National Bank Financial dropped their price objective on shares of Vermilion Energy from C$58.00 to C$41.00 and set an “outperform” rating on the stock in a report on Monday, December 10th. Finally, Raymond James raised shares of Vermilion Energy from an “outperform” rating to a “strong-buy” rating and set a C$51.00 price objective on the stock in a report on Wednesday, November 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$53.17.

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Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Dividend History for Vermilion Energy (TSE:VET)

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