$0.71 EPS Expected for Vermilion Energy Inc. (NYSE:VET) This Quarter

Analysts expect Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) to report earnings of $0.71 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Vermilion Energy’s earnings. Vermilion Energy posted earnings per share of ($0.11) during the same quarter last year, which indicates a positive year over year growth rate of 745.5%. The company is expected to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Vermilion Energy will report full year earnings of $3.67 per share for the current year, with EPS estimates ranging from $3.60 to $3.74. For the next financial year, analysts expect that the firm will report earnings of $2.97 per share, with EPS estimates ranging from $1.85 to $4.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Vermilion Energy.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last released its earnings results on Monday, March 7th. The oil and gas company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.42. Vermilion Energy had a net margin of 55.40% and a return on equity of 13.94%. The business had revenue of $611.07 million during the quarter. During the same period in the prior year, the business posted ($0.21) earnings per share.

Several equities research analysts have issued reports on the company. National Bank Financial raised their price target on Vermilion Energy from C$34.00 to C$53.00 in a report on Thursday. StockNews.com raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th. Scotiabank raised their price target on Vermilion Energy from C$20.00 to C$25.00 in a report on Monday, February 28th. Desjardins raised their price target on Vermilion Energy from C$27.50 to C$32.50 in a report on Wednesday, March 9th. Finally, TD Securities raised their price target on Vermilion Energy from C$22.00 to C$23.00 in a report on Wednesday, January 12th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy currently has an average rating of “Buy” and an average target price of $27.90.

A number of hedge funds have recently bought and sold shares of VET. Arrowstreet Capital Limited Partnership raised its stake in Vermilion Energy by 2,345.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,059,424 shares of the oil and gas company’s stock valued at $30,262,000 after purchasing an additional 2,934,324 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Vermilion Energy in the fourth quarter valued at about $25,906,000. Acadian Asset Management LLC grew its position in Vermilion Energy by 480.3% in the fourth quarter. Acadian Asset Management LLC now owns 2,270,235 shares of the oil and gas company’s stock valued at $28,558,000 after acquiring an additional 1,879,004 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Vermilion Energy in the third quarter valued at about $7,252,000. Finally, Millennium Management LLC grew its position in Vermilion Energy by 1,850.7% in the fourth quarter. Millennium Management LLC now owns 736,796 shares of the oil and gas company’s stock valued at $9,272,000 after acquiring an additional 699,025 shares during the last quarter. 23.55% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy stock traded up $1.60 during mid-day trading on Monday, hitting $23.39. 205,313 shares of the company’s stock traded hands, compared to its average volume of 2,506,072. The company has a 50 day moving average of $19.96. Vermilion Energy has a fifty-two week low of $5.51 and a fifty-two week high of $23.93. The stock has a market capitalization of $3.80 billion, a PE ratio of 4.15 and a beta of 2.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.61 and a current ratio of 0.63.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 18th. Investors of record on Thursday, March 31st will be paid a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, March 30th. Vermilion Energy’s dividend payout ratio (DPR) is presently 3.37%.

About Vermilion Energy (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

Further Reading

Get a free copy of the Zacks research report on Vermilion Energy (VET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vermilion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vermilion Energy and related companies with MarketBeat.com's FREE daily email newsletter.