Vermilion Energy (NYSE:VET) Releases Earnings Results

Vermilion Energy (NYSE:VET) (TSE:VET) issued its earnings results on Wednesday. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.33, Zacks reports. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%.The business had revenue of $334.64 million during the quarter, compared to the consensus estimate of $384.74 million.

Vermilion Energy Trading Down 2.3%

Shares of VET traded down $0.26 during midday trading on Thursday, hitting $11.29. 1,532,988 shares of the stock were exchanged, compared to its average volume of 1,941,187. Vermilion Energy has a 52-week low of $5.14 and a 52-week high of $12.00. The stock has a fifty day simple moving average of $9.50 and a 200 day simple moving average of $8.55. The firm has a market cap of $1.72 billion, a P/E ratio of -10.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.81.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in Vermilion Energy by 12.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 1,289 shares during the period. State of Wyoming boosted its stake in shares of Vermilion Energy by 24.3% in the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,747 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Vermilion Energy by 3.2% in the fourth quarter. Osaic Holdings Inc. now owns 62,979 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 1,950 shares in the last quarter. Vident Advisory LLC increased its stake in Vermilion Energy by 6.0% during the 2nd quarter. Vident Advisory LLC now owns 47,694 shares of the oil and gas company’s stock worth $347,000 after buying an additional 2,691 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Vermilion Energy by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 254,312 shares of the oil and gas company’s stock worth $2,119,000 after buying an additional 3,908 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Royal Bank Of Canada upped their price objective on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Thursday. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).