Vermilion Energy (TSE:VET) Announces Quarterly Earnings Results

Vermilion Energy (TSE:VET) (NYSE:VET) announced its quarterly earnings data on Wednesday. The company reported C($0.95) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$519.13 million during the quarter. Vermilion Energy had a negative net margin of 34.23% and a negative return on equity of 24.89%.

Vermilion Energy Price Performance

Shares of TSE:VET traded down C$2.40 on Wednesday, reaching C$16.16. 2,876,885 shares of the company were exchanged, compared to its average volume of 1,372,487. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 58.60. Vermilion Energy has a 1-year low of C$8.17 and a 1-year high of C$20.31. The firm has a market cap of C$2.47 billion, a price-to-earnings ratio of -3.80, a price-to-earnings-growth ratio of -0.02 and a beta of 0.53. The company has a 50-day moving average of C$17.10 and a 200-day moving average of C$13.88.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.135 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.3%. Vermilion Energy’s dividend payout ratio is currently -12.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Desjardins upped their price target on shares of Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, March 9th. National Bank Financial upped their price target on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. TD Securities cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from C$14.00 to C$16.00 in a research note on Thursday, March 5th. Finally, ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$16.00 to C$24.00 in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$17.79.

Insider Activity

In related news, insider Gerard Schut sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total value of C$190,000.00. Following the sale, the insider directly owned 94,268 shares in the company, valued at C$1,791,092. The trade was a 9.59% decrease in their position. Also, insider Yvonne Jeffery sold 6,332 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the completion of the sale, the insider owned 30,527 shares in the company, valued at C$595,581.77. This represents a 17.18% decrease in their ownership of the stock. 0.16% of the stock is owned by insiders.

Vermilion Energy Company Profile

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.