Vermilion Energy (NYSE:VET) Posts Earnings Results, Misses Expectations By $0.78 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78), Zacks reports. The business had revenue of $376.85 million during the quarter. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. During the same period in the previous year, the business earned $0.77 EPS.

Vermilion Energy Trading Up 7.5 %

NYSE VET traded up $0.84 on Thursday, reaching $12.10. 1,623,873 shares of the company were exchanged, compared to its average volume of 1,219,514. The business’s fifty day moving average price is $11.82 and its 200 day moving average price is $12.09. The stock has a market capitalization of $1.93 billion, a P/E ratio of -10.95 and a beta of 2.04. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. Vermilion Energy has a fifty-two week low of $9.81 and a fifty-two week high of $15.98.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.0888 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 2.94%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s payout ratio is -26.13%.

Analyst Ratings Changes

Separately, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.