Vermilion Energy (VET) Scheduled to Post Earnings on Wednesday

Vermilion Energy (NYSE:VET) (TSE:VET) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Vermilion Energy to post earnings of $1.01 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.42. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. The firm had revenue of $384.17 million during the quarter, compared to analysts’ expectations of $442.92 million. On average, analysts expect Vermilion Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Vermilion Energy Price Performance

NYSE:VET opened at $12.15 on Tuesday. The firm’s fifty day moving average is $11.76 and its two-hundred day moving average is $12.14. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -10.94 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. Vermilion Energy has a one year low of $9.81 and a one year high of $15.98.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0888 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s payout ratio is -26.13%.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vermilion Energy presently has an average rating of “Moderate Buy” and an average target price of $25.00.

About Vermilion Energy

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.