Vermilion Energy (TSE:VET) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Vermilion Energy (TSE:VET) (NYSE:VET) announced its quarterly earnings results on Wednesday. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12), reports. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The business had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million.

Vermilion Energy Price Performance

TSE VET traded up C$0.09 during trading hours on Friday, reaching C$13.99. The company’s stock had a trading volume of 839,300 shares, compared to its average volume of 770,375. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The company’s 50-day moving average is C$13.32 and its two-hundred day moving average is C$14.62. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$18.53. The stock has a market cap of C$2.18 billion, a PE ratio of -2.74, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. Vermilion Energy’s dividend payout ratio is presently -9.39%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Securities decreased their target price on Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$20.00 to C$16.00 in a research note on Friday, October 4th. Canaccord Genuity Group reduced their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Desjardins lowered their price target on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price objective on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.36.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of C$13.54 per share, with a total value of C$67,700.00. Insiders own 0.16% of the company’s stock.

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.