Vermilion Energy Inc. (NYSE:VET) (TSE:VET) declared a monthly dividend on Tuesday, October 17th, Wall Street Journal reports. Investors of record on Tuesday, October 31st will be given a dividend of 0.1726 per share by the oil and gas company on Wednesday, November 15th. This represents a $2.07 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Monday, October 30th.
Vermilion Energy has raised its dividend by an average of 5.6% per year over the last three years and has increased its dividend every year for the last 3 years. Vermilion Energy has a payout ratio of 390.9% 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 $0.38 per share next year, which means the company may not be able to cover its $2.58 annual dividend with an expected future payout ratio of 678.9%.
Vermilion Energy (NYSE VET) opened at 33.93 on Friday. Vermilion Energy has a 1-year low of $29.91 and a 1-year high of $44.95. The company has a 50-day moving average price of $35.12 and a 200-day moving average price of $33.54. The company has a market cap of $4.11 billion, a PE ratio of 66.53 and a beta of 0.53.
Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.37. The business had revenue of $201.70 million for the quarter. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. On average, analysts expect that Vermilion Energy will post $0.65 EPS for the current fiscal year.
Several analysts have commented on VET shares. BidaskClub upgraded shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Scotiabank reiterated a “buy” rating and issued a $52.50 price target on shares of Vermilion Energy in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada upgraded shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $54.10.
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