Vermilion Energy Inc. (VET) to Issue C$0.22 Monthly Dividend
Vermilion Energy Inc. (TSE:VET) announced a monthly dividend on Thursday, October 20th. Stockholders of record on Tuesday, November 15th will be given a dividend of 0.215 per share on Tuesday, November 15th. This represents a $2.58 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, October 20th.
Shares of Vermilion Energy (TSE:VET) opened at 52.80 on Wednesday. The company’s market cap is $6.16 billion. The stock has a 50 day moving average of $49.45 and a 200 day moving average of $44.30. Vermilion Energy has a 1-year low of $29.71 and a 1-year high of $53.84.
Several brokerages have issued reports on VET. Barclays PLC upped their target price on Vermilion Energy from C$59.00 to C$63.00 in a research note on Tuesday, October 11th. BMO Capital Markets upped their target price on Vermilion Energy from C$52.00 to C$55.00 in a research note on Thursday, October 6th. Royal Bank Of Canada increased their price objective on Vermilion Energy from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 10th. RBC Capital Markets increased their price objective on Vermilion Energy from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. Finally, FirstEnergy Capital increased their price objective on Vermilion Energy from C$47.50 to C$53.00 in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$52.81.
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In other Vermilion Energy news, insider Curtis W. Hicks sold 10,000 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$50.00, for a total value of C$500,000.00. Also, insider Mona Jean Jasinski sold 2,020 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of C$49.50, for a total value of C$99,990.00.
Vermilion Energy Company Profile
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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