Vermilion Energy (TSE:VET) Posts Earnings Results

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

Vermilion Energy Stock Performance

Shares of TSE:VET opened at C$15.27 on Thursday. Vermilion Energy has a 1 year low of C$9.71 and a 1 year high of C$20.31. The stock has a market capitalization of C$2.34 billion, a price-to-earnings ratio of -2.88, a price-to-earnings-growth ratio of -0.02 and a beta of 0.23. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40. The company’s 50 day simple moving average is C$14.65 and its 200 day simple moving average is C$15.36.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is -9.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Securities upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. National Bank Financial lowered their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Desjardins set a C$16.00 price objective on Vermilion Energy and gave the company a “hold” rating in a report on Friday, July 17th. 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 report on Tuesday, May 19th. Finally, TD raised Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 target price on the stock in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$19.12.

About Vermilion Energy

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.