Vermilion Energy (TSE:VET) Releases Earnings Results

Vermilion Energy (TSE:VET) (NYSE:VET) announced its quarterly earnings data on Wednesday. The company reported C$0.86 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$563.07 million for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%.

Vermilion Energy Stock Up 4.4%

TSE VET traded up C$0.65 during trading hours on Wednesday, hitting C$15.27. The company had a trading volume of 1,327,247 shares, compared to its average volume of 1,278,528. The firm’s 50 day moving average is C$14.69 and its 200 day moving average is C$15.33. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40. Vermilion Energy has a fifty-two week low of C$9.71 and a fifty-two week high of C$20.31. The company has a market capitalization of C$2.34 billion, a price-to-earnings ratio of -2.88, a P/E/G ratio of -0.02 and a beta of 0.23.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s dividend payout ratio is currently -9.91%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VET. TD Securities upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. National Bank Financial decreased their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. TD upgraded Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 price objective on the stock in a report on Wednesday, July 22nd. Desjardins set a C$16.00 price objective on Vermilion Energy and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada upped their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.12.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.