Vermilion Energy (NYSE:VET) Releases Quarterly Earnings Results, Beats Estimates By $0.42 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.20 by $0.42, Zacks reports. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Trading Up 2.8%

Shares of Vermilion Energy stock opened at $11.11 on Thursday. The stock has a market capitalization of $1.70 billion, a P/E ratio of -2.91 and a beta of 0.31. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The company has a 50-day simple moving average of $10.44 and a 200 day simple moving average of $11.11. Vermilion Energy has a 12-month low of $7.00 and a 12-month high of $14.82.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.9%. Vermilion Energy’s dividend payout ratio is presently -10.21%.

Wall Street Analyst Weigh In

VET has been the subject of a number of research reports. Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Finally, TD Securities raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.00.

Institutional Trading of Vermilion Energy

Several large investors have recently added to or reduced their stakes in VET. AQR Capital Management LLC bought a new stake in Vermilion Energy during the 4th quarter worth approximately $307,000. CANADA LIFE ASSURANCE Co raised its position in Vermilion Energy by 57.0% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 36,486 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 13,248 shares during the last quarter. Magnetar Financial LLC bought a new position in Vermilion Energy in the 4th quarter valued at $246,000. Graham Capital Management L.P. acquired a new position in Vermilion Energy in the fourth quarter worth $175,000. Finally, Northwest & Ethical Investments L.P. boosted its stake in Vermilion Energy by 30.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 19,531 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 4,520 shares in the last quarter. 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).