Vermilion Energy (NYSE:VET) Posts Quarterly Earnings Results, Misses Expectations By $0.78 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.78), Zacks reports. The firm had revenue of $376.85 million during the quarter. Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.16%. During the same period in the previous year, the business posted $0.77 EPS.

Vermilion Energy Stock Up 0.3 %

VET stock opened at $11.79 on Friday. Vermilion Energy has a 12-month low of $9.81 and a 12-month high of $15.98. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -4.24 and a beta of 2.04. The company has a 50 day moving average of $11.85 and a two-hundred day moving average of $12.07.

Vermilion Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.0872 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a yield of 2.96%. Vermilion Energy’s payout ratio is -10.43%.

Wall Street Analysts Forecast Growth

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

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.