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

Vermilion Energy (TSE:VET) (NYSE:VET) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of C$1.36 per share for the quarter.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.59. The company had revenue of C$522.97 million for the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$16.42 on Wednesday. The business’s 50 day simple moving average is C$15.86 and its 200-day simple moving average is C$16.52. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of -11.32, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.12 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.92%. Vermilion Energy’s payout ratio is -33.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VET shares. Canaccord Genuity Group boosted their price target on Vermilion Energy from C$20.00 to C$20.50 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their price target on Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Stifel Nicolaus boosted their price target on Vermilion Energy from C$20.25 to C$22.00 and gave the company a “buy” rating in a report on Tuesday. National Bankshares boosted their price target on Vermilion Energy from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Finally, TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$18.00 to C$20.00 in a research note on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.54.

Insider Activity

In other Vermilion Energy news, Director Robert B. Michaleski acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. In other news, Director Robert B. Michaleski purchased 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average price of C$14.94 per share, for a total transaction of C$149,400.00. Also, Director Myron Maurice Stadnyk purchased 3,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of C$16.10 per share, for a total transaction of C$48,300.00. Company insiders own 0.15% 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.