Vermilion Energy (NYSE:VET) Announces Quarterly Earnings Results

Vermilion Energy (NYSE:VET) (TSE:VET) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.57, Zacks reports. Vermilion Energy had a positive return on equity of 5.17% and a negative net margin of 22.48%.The business had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Stock Up 2.7%

VET stock traded up $0.32 during trading on Friday, hitting $11.81. 1,109,556 shares of the stock traded hands, compared to its average volume of 1,916,666. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82. The firm’s 50 day moving average is $10.43 and its two-hundred day moving average is $11.13. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -5.61 and a beta of 0.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s payout ratio is currently -10.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VET shares. Desjardins raised 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 raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. One equities research 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. Based on data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Hold” and an average price target of $15.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VET. Millennium Management LLC boosted its position in shares of Vermilion Energy by 4.6% during the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after buying an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Vermilion Energy by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after acquiring an additional 1,388,489 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Vermilion Energy by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,658,161 shares of the oil and gas company’s stock valued at $52,007,000 after acquiring an additional 222,344 shares during the last quarter. LM Asset Management Inc. boosted its holdings in shares of Vermilion Energy by 28.2% during the 4th quarter. LM Asset Management Inc. now owns 3,772,600 shares of the oil and gas company’s stock valued at $31,434,000 after acquiring an additional 830,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Vermilion Energy by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,382,587 shares of the oil and gas company’s stock worth $28,211,000 after acquiring an additional 279,953 shares during the period. 31.91% of the stock is owned by institutional investors.

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).