Vermilion Energy (VET) Scheduled to Post Quarterly Earnings on Wednesday

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) is scheduled to announce its earnings results after the market closes on Wednesday, May 11th. Analysts expect the company to announce earnings of $0.71 per share for the quarter.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last issued its quarterly earnings results on Monday, March 7th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.42. Vermilion Energy had a return on equity of 13.94% and a net margin of 55.40%. The company had revenue of $611.07 million for the quarter. During the same quarter last year, the company earned ($0.21) EPS. On average, analysts expect Vermilion Energy to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE VET opened at $20.81 on Wednesday. The business’s 50-day moving average is $20.87. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.83. Vermilion Energy has a 1-year low of $5.51 and a 1-year high of $23.93. The stock has a market cap of $3.39 billion, a P/E ratio of 3.69 and a beta of 2.46.

The business also recently declared a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.047 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.19 annualized dividend and a yield of 0.90%. Vermilion Energy’s dividend payout ratio (DPR) is 3.37%.

Several hedge funds and other institutional investors have recently made changes to their positions in VET. Millennium Management LLC boosted its position in shares of Vermilion Energy by 1,850.7% in the 4th quarter. Millennium Management LLC now owns 736,796 shares of the oil and gas company’s stock valued at $9,272,000 after purchasing an additional 699,025 shares during the period. The Manufacturers Life Insurance Company lifted its position in Vermilion Energy by 76.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 294,448 shares of the oil and gas company’s stock worth $3,675,000 after acquiring an additional 127,283 shares during the period. JPMorgan Chase & Co. lifted its position in Vermilion Energy by 89.0% during the 4th quarter. JPMorgan Chase & Co. now owns 246,347 shares of the oil and gas company’s stock worth $3,102,000 after acquiring an additional 116,024 shares during the period. Marshall Wace LLP acquired a new stake in Vermilion Energy during the 4th quarter worth approximately $1,003,000. Finally, Bank of New York Mellon Corp acquired a new stake in Vermilion Energy during the 3rd quarter worth approximately $678,000. 25.59% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on VET. Scotiabank upped their price target on Vermilion Energy from C$27.00 to C$30.00 in a report on Monday, April 18th. Desjardins upped their price target on Vermilion Energy from C$27.50 to C$32.50 in a report on Wednesday, March 9th. TD Securities upped their price target on Vermilion Energy from C$22.00 to C$23.00 in a report on Wednesday, January 12th. Zacks Investment Research upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Thursday, April 7th. Finally, National Bank Financial increased their price objective on Vermilion Energy from C$34.00 to C$53.00 in a report on Thursday, April 14th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $29.20.

Vermilion Energy Company Profile (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.

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Earnings History for Vermilion Energy (NYSE:VET)

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