Vermilion Energy (NYSE:VET) Posts Earnings Results, Misses Estimates By $0.78 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) issued its earnings results on Wednesday. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.78), Zacks reports. The business had revenue of $376.85 million for the quarter. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. During the same quarter last year, the firm posted $0.77 EPS.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up $0.55 during trading hours on Thursday, reaching $11.81. The company’s stock had a trading volume of 1,950,656 shares, compared to its average volume of 1,223,140. 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. The company’s 50 day simple moving average is $11.82 and its 200 day simple moving average is $12.09. The stock has a market cap of $1.89 billion, a P/E ratio of -10.95 and a beta of 2.04.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.0888 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 3.01%. Vermilion Energy’s dividend payout ratio is -26.13%.

Analyst Ratings Changes

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

Vermilion Energy Company Profile

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.