Vermilion Energy (VET) Set to Announce Quarterly Earnings on Wednesday

Vermilion Energy (TSE:VET) (NYSE:VET) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$1.36 per share for the quarter.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The firm had revenue of C$522.97 million for the quarter, compared to analysts’ expectations of C$593.34 million.

Vermilion Energy Stock Up 1.2 %

Shares of VET stock opened at C$16.42 on Wednesday. Vermilion Energy has a 1 year low of C$13.30 and a 1 year high of C$21.60. The stock has a market cap of C$2.66 billion, a PE ratio of -11.32, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The business’s fifty day moving average is C$15.86 and its 200-day moving average is C$16.52. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. Vermilion Energy’s payout ratio is presently -33.10%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VET. CIBC decreased their target price on Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th. Desjardins boosted their target price on Vermilion Energy from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group boosted their target price on Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price target on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a research note on Friday, March 8th. Finally, ATB Capital decreased their price target on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Vermilion Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$21.54.

Insider Transactions at Vermilion Energy

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total value of C$825,000.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of C$16.10 per share, with a total value of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total value of C$825,000.00. 0.15% of the stock is owned by corporate insiders.

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.