Vermilion Energy (NYSE:VET) Issues Quarterly Earnings Results

Vermilion Energy (NYSE:VET) (TSE:VET) announced its quarterly earnings data on Wednesday. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06), Zacks reports. The firm had revenue of $337.28 million for the quarter, compared to analysts’ expectations of $373.83 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up $0.62 during trading on Thursday, hitting $7.96. 2,686,858 shares of the company’s stock traded hands, compared to its average volume of 1,220,008. The stock has a market capitalization of $1.22 billion, a P/E ratio of -9.15 and a beta of 1.13. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. The business has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $7.42.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 6.5%. Vermilion Energy’s dividend payout ratio (DPR) is -42.53%.

Hedge Funds Weigh In On Vermilion Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Vermilion Energy by 178.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after buying an additional 4,136 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Vermilion Energy in the 2nd quarter worth $105,000. Nebula Research & Development LLC purchased a new position in shares of Vermilion Energy in the 2nd quarter worth $210,000. Vident Advisory LLC lifted its position in Vermilion Energy by 6.0% during the second quarter. Vident Advisory LLC now owns 47,694 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 2,691 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Vermilion Energy during the second quarter valued at $573,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VET has been the subject of several recent research reports. Desjardins lowered Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research report on Friday, August 8th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vermilion Energy currently has an average rating of “Hold”.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.