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

Vermilion Energy (NYSE:VET) (TSE:VET) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Vermilion Energy to post earnings of $1.01 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.42. The business had revenue of $384.17 million for the quarter, compared to analysts’ expectations of $442.92 million. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. On average, analysts expect Vermilion Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Vermilion Energy Trading Up 1.5 %

Shares of NYSE:VET opened at $12.02 on Wednesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -10.82 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. The stock’s 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $12.20. Vermilion Energy has a 52-week low of $9.81 and a 52-week high of $15.98.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.0888 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.96%. Vermilion Energy’s payout ratio is -26.13%.

Analyst Ratings Changes

Separately, TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy has a consensus rating of “Moderate Buy” and an average price target of $25.00.

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.