Vermilion Energy (NYSE:VET) Issues Earnings Results

Vermilion Energy (NYSE:VET) (TSE:VET) announced its quarterly earnings results 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 for the quarter. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. During the same period last year, the company posted $0.77 EPS.

Vermilion Energy Trading Up 7.5 %

Shares of NYSE:VET traded up $0.84 during midday trading on Thursday, hitting $12.10. The company had a trading volume of 1,623,873 shares, compared to its average volume of 1,219,514. 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 12 month low of $9.81 and a 12 month high of $15.98. The firm has a fifty day simple moving average of $11.82 and a 200 day simple moving average of $12.09. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -10.95 and a beta of 2.04.

Vermilion Energy Increases Dividend

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

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Vermilion Energy Company Profile

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.