Vermilion Energy (NYSE:VET) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.33, Zacks reports. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%.The company had revenue of $334.64 million during the quarter, compared to the consensus estimate of $384.74 million.

Vermilion Energy Price Performance

Vermilion Energy stock traded down $0.26 during midday trading on Thursday, reaching $11.29. 1,415,349 shares of the stock were exchanged, compared to its average volume of 1,936,390. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $12.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.81. The firm has a market cap of $1.72 billion, a PE ratio of -10.26 and a beta of 0.61. The company’s fifty day moving average is $9.50 and its 200-day moving average is $8.55.

Wall Street Analyst Weigh In

Several research firms have commented on VET. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a report on Thursday. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Finally, Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the period. State of Wyoming boosted its stake in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after buying an additional 1,747 shares during the period. LPL Financial LLC purchased a new position in Vermilion Energy during the fourth quarter worth about $92,000. Mercer Global Advisors Inc. ADV grew its position in Vermilion Energy by 12.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after buying an additional 1,289 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in Vermilion Energy in the 2nd quarter worth about $105,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

About Vermilion Energy

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).