Vermilion Energy (VET) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) posted its earnings results on Thursday, March 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.12), Morningstar.com reports. The business had revenue of $249.88 million for the quarter, compared to analyst estimates of $244.23 million. Vermilion Energy had a return on equity of 4.92% and a net margin of 5.32%.

Vermilion Energy stock traded down $0.21 during midday trading on Friday, reaching $31.32. The company’s stock had a trading volume of 143,932 shares, compared to its average volume of 200,963. The stock has a market cap of $3,834.57, a PE ratio of 82.42 and a beta of 0.71. Vermilion Energy has a 52-week low of $29.91 and a 52-week high of $40.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.67 and a current ratio of 0.72.

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The business also recently declared a dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a $0.168 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. Vermilion Energy’s dividend payout ratio is presently 544.74%.

A number of analysts recently issued reports on VET shares. ValuEngine downgraded shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. started coverage on shares of Vermilion Energy in a research report on Monday, February 12th. They set an “overweight” rating for the company. Finally, Zacks Investment Research raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Vermilion Energy presently has a consensus rating of “Hold” and an average price target of $47.83.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. boosted its holdings in Vermilion Energy by 42.3% in the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 260,581 shares of the oil and gas company’s stock worth $9,271,000 after acquiring an additional 77,480 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Vermilion Energy by 341.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,609,594 shares of the oil and gas company’s stock worth $58,460,000 after acquiring an additional 1,244,614 shares during the period. Sei Investments Co. boosted its holdings in Vermilion Energy by 105.5% in the 3rd quarter. Sei Investments Co. now owns 9,572 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 4,915 shares during the period. Swiss National Bank boosted its holdings in Vermilion Energy by 1.8% in the 4th quarter. Swiss National Bank now owns 443,400 shares of the oil and gas company’s stock worth $16,126,000 after acquiring an additional 7,700 shares during the period. Finally, TD Asset Management Inc. boosted its holdings in Vermilion Energy by 0.6% in the 3rd quarter. TD Asset Management Inc. now owns 3,013,884 shares of the oil and gas company’s stock worth $106,877,000 after acquiring an additional 17,765 shares during the period. Hedge funds and other institutional investors own 55.89% of the company’s stock.

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Vermilion Energy Company Profile

Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.

Earnings History for Vermilion Energy (NYSE:VET)

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