Vermilion Energy Inc (VET) Announces $0.23 Monthly Dividend

Vermilion Energy Inc (TSE:VET) (NYSE:VET) announced a monthly dividend on Thursday, November 15th, Zacks reports. Investors of record on Friday, November 30th will be given a dividend of 0.23 per share on Monday, December 17th. This represents a $2.76 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend is Thursday, November 29th.

TSE:VET traded down C$1.00 during midday trading on Friday, hitting C$33.17. 962,200 shares of the company traded hands, compared to its average volume of 667,189. Vermilion Energy has a 12-month low of C$30.55 and a 12-month high of C$50.46. The company has a debt-to-equity ratio of 73.75, a quick ratio of 0.43 and a current ratio of 0.52.

In other Vermilion Energy news, Director Catherine L. Williams bought 1,000 shares of Vermilion Energy stock in a transaction on Thursday, September 6th. The shares were acquired at an average price of C$41.00 per share, for a total transaction of C$41,000.00. Also, insider Terrance Gerald Hergott bought 5,000 shares of Vermilion Energy stock in a transaction on Monday, October 29th. The stock was acquired at an average price of C$35.01 per share, for a total transaction of C$175,050.00. In the last quarter, insiders acquired 11,000 shares of company stock worth $376,950.

Several research firms recently weighed in on VET. Royal Bank of Canada decreased their price target on Vermilion Energy from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a report on Tuesday, July 31st. Raymond James decreased their price target on Vermilion Energy from C$52.00 to C$51.00 in a report on Friday, October 5th. Bank of America restated a “buy” rating and set a C$54.00 price target on shares of Vermilion Energy in a report on Tuesday, September 18th. National Bank Financial decreased their price target on Vermilion Energy from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. Finally, Canaccord Genuity decreased their price target on Vermilion Energy from C$60.00 to C$55.00 in a report on Friday, October 26th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$55.85.

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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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