Vermilion Energy (NYSE:VET) Issues Earnings Results, Beats Estimates By $0.42 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.42, Zacks reports. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up $0.51 during trading on Wednesday, hitting $10.87. 1,818,535 shares of the company’s stock traded hands, compared to its average volume of 1,923,095. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82. The stock has a market capitalization of $1.66 billion, a P/E ratio of -2.84 and a beta of 0.31. The business has a 50-day simple moving average of $10.48 and a 200-day simple moving average of $11.09.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio is presently -10.21%.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HRT Financial LP purchased a new stake in shares of Vermilion Energy during the 4th quarter valued at about $196,000. Graham Capital Management L.P. purchased a new position in shares of Vermilion Energy during the fourth quarter valued at approximately $175,000. Northwest & Ethical Investments L.P. lifted its position in Vermilion Energy by 30.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 19,531 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 4,520 shares during the period. Lazard Asset Management LLC bought a new position in Vermilion Energy during the fourth quarter valued at approximately $158,000. Finally, Investment Management Corp of Ontario bought a new stake in Vermilion Energy in the 4th quarter worth approximately $157,000. Institutional investors own 31.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Finally, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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).