Vermilion Energy (TSE:VET) Releases Quarterly Earnings Results

Vermilion Energy (TSE:VET) (NYSE:VET) posted its earnings results on Wednesday. The company reported C($0.23) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$609.29 million during the quarter. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%.

Vermilion Energy Trading Down 13.5%

VET opened at C$15.00 on Thursday. The stock has a market capitalization of C$2.29 billion, a P/E ratio of -5.17, a P/E/G ratio of -0.02 and a beta of 0.49. Vermilion Energy has a 12 month low of C$10.31 and a 12 month high of C$20.31. The firm’s fifty day simple moving average is C$17.66 and its 200 day simple moving average is C$16.13. The company has a current ratio of 1.00, a quick ratio of 0.40 and a debt-to-equity ratio of 62.68.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1350 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -18.28%.

Key Stories Impacting Vermilion Energy

Here are the key news stories impacting Vermilion Energy this week:

• Positive Sentiment: Vermilion is targeting a 4% dividend increase, which could appeal to income-focused investors, though the report describes this as a target. Vermilion Energy Sets 2027 Budget and Targets 4% Dividend Rise
• Negative Sentiment: The company swung to a Q3 loss, driven by unrealized derivative losses. It reported earnings per share of C$(0.23) and revenue of C$609.29 million, making the loss a likely near-term concern for investors. Vermilion Energy swings to Q3 loss driven by unrealized derivative losses
• Negative Sentiment: Plans for increased 2027 investment may raise concerns about spending and cash available for shareholder returns, even as the company targets a dividend hike. Vermilion Energy stock reports loss as 2027 investment rises

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VET shares. TD Securities upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research 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. BMO Capital Markets upped their price target on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. National Bank Financial increased their price objective on Vermilion Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, October 20th. Finally, TD raised their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$19.88.

About Vermilion Energy

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion’s priorities are health and safety, the environment, and profitability, in that order.