Vermilion Energy (TSE:VET) (NYSE:VET) is scheduled to be announcing its earnings results after the market closes on Thursday, April 26th. Analysts expect the company to announce earnings of C$0.27 per share for the quarter.
Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Thursday, March 1st. The company reported C$0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.25 by C($0.16). The business had revenue of C$317.34 million during the quarter, compared to the consensus estimate of C$309.15 million. Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%.
Shares of VET traded up C$0.03 during mid-day trading on Tuesday, reaching C$46.35. The company’s stock had a trading volume of 130,187 shares, compared to its average volume of 493,454. Vermilion Energy has a 52 week low of C$38.33 and a 52 week high of C$50.46.
A number of equities research analysts have recently weighed in on VET shares. National Bank Financial boosted their price objective on shares of Vermilion Energy from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Tuesday, April 17th. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$50.00 to C$47.00 in a report on Tuesday, April 17th. JPMorgan Chase set a C$50.00 price objective on shares of Vermilion Energy and gave the stock an “overweight” rating in a report on Monday, February 12th. CIBC upped their price target on shares of Vermilion Energy from C$52.00 to C$55.00 in a report on Tuesday, January 23rd. Finally, Canaccord Genuity upped their price target on shares of Vermilion Energy from C$56.00 to C$57.00 in a report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$53.20.
In related news, insider Terrance Gerald Hergott sold 2,500 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of C$40.00, for a total transaction of C$100,000.00. Also, Director Lorenzo Donadeo sold 400,000 shares of the company’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of C$41.26, for a total transaction of C$16,504,000.00. Insiders have sold a total of 434,500 shares of company stock valued at $17,906,400 over the last quarter.
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About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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