Vermilion Energy (TSE:VET) Releases Quarterly Earnings Results

Vermilion Energy (TSE:VET) (NYSE:VET) announced its quarterly earnings results on Wednesday. The company reported C$0.86 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$563.07 million during the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%.

Vermilion Energy Stock Up 5.6%

TSE VET opened at C$16.12 on Friday. The business has a fifty day moving average price of C$14.63 and a 200 day moving average price of C$15.39. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63. The company has a market cap of C$2.47 billion, a P/E ratio of -3.04, a P/E/G ratio of -0.02 and a beta of 0.23. Vermilion Energy has a one year low of C$9.71 and a one year high of C$20.31.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio is currently -9.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VET. National Bank Financial decreased their target price on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada boosted their price target on shares of Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the stock a “hold” rating in a research report on Friday, July 17th. TD raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 price objective on the stock in a report on Wednesday, July 22nd. Finally, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.12.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.