Brokerages Expect Vermilion Energy Inc. (NYSE:VET) to Post $0.84 Earnings Per Share

Wall Street analysts forecast that Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) will report $0.84 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Vermilion Energy’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.97. Vermilion Energy posted earnings of ($0.11) per share in the same quarter last year, which would suggest a positive year over year growth rate of 863.6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Vermilion Energy will report full-year earnings of $4.91 per share for the current financial year, with EPS estimates ranging from $3.49 to $6.33. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.90 per share, with EPS estimates ranging from $4.19 to $5.61. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Vermilion Energy.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last announced its quarterly earnings results on Monday, March 7th. The oil and gas company reported $0.95 EPS for the quarter, beating the 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 business earned ($0.21) EPS.

VET has been the subject of several research reports. Royal Bank of Canada increased their price objective on Vermilion Energy from C$26.00 to C$28.00 in a research report on Friday, April 29th. Raymond James reduced their price objective on Vermilion Energy from C$38.00 to C$35.00 in a research report on Tuesday, March 29th. Stifel Nicolaus reduced their price objective on Vermilion Energy from C$34.00 to C$33.50 in a research report on Tuesday, March 29th. StockNews.com raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. Finally, Scotiabank raised their target price on Vermilion Energy from C$27.00 to C$30.00 in a research report on Monday, April 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.20.

VET opened at $21.30 on Monday. Vermilion Energy has a 1-year low of $5.51 and a 1-year high of $23.93. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3.47 billion, a PE ratio of 3.78 and a beta of 2.46. The company has a 50 day simple moving average of $21.06.

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.88%. Vermilion Energy’s payout ratio is presently 3.37%.

Several hedge funds and other institutional investors have recently modified their holdings of VET. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vermilion Energy by 2,345.6% during 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 acquiring an additional 2,934,324 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Vermilion Energy during the fourth quarter valued at $25,906,000. Acadian Asset Management LLC lifted its holdings in shares of Vermilion Energy by 480.3% during 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 period. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Vermilion Energy during the third quarter valued at $7,252,000. Finally, Millennium Management LLC lifted its holdings in shares of Vermilion Energy by 1,850.7% during 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 period. 25.59% of the stock is owned by institutional investors.

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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