Vermilion Energy (NYSE:VET) Releases Quarterly Earnings Results, Beats Estimates By $0.42 EPS
by Danessa Lincoln · The Markets DailyVermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) posted its earnings results on Wednesday. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.42, Zacks reports. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.
Vermilion Energy Stock Up 4.9%
VET stock traded up $0.51 during mid-day trading on Wednesday, hitting $10.87. 1,818,535 shares of the company were exchanged, compared to its average volume of 1,923,095. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. Vermilion Energy has a 1-year low of $7.00 and a 1-year high of $14.82. The firm’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $11.09. The firm has a market cap of $1.66 billion, a P/E ratio of -2.84 and a beta of 0.31.
Vermilion Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is -10.21%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on VET shares. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings downgraded Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and a consensus target price of $15.00.
Read Our Latest Analysis on Vermilion Energy
Institutional Investors Weigh In On Vermilion Energy
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in shares of Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming boosted its stake in Vermilion Energy by 24.3% in the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,747 shares during the period. LPL Financial LLC acquired a new position in Vermilion Energy in the 4th quarter worth $92,000. Mercer Global Advisors Inc. ADV increased its holdings in Vermilion Energy by 12.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 1,289 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in Vermilion Energy during the 2nd quarter worth about $105,000. Institutional investors own 31.91% of the company’s stock.
Vermilion Energy Company Profile
Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.
Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).
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