Vermilion Energy (VET) to Release Earnings on Wednesday

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

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.42. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The company had revenue of $384.17 million for the quarter, compared to analysts’ expectations of $442.92 million. 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 Stock Up 1.5 %

NYSE VET opened at $12.02 on Wednesday. The stock’s 50 day moving average is $11.65 and its 200 day moving average is $12.20. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. Vermilion Energy has a 12 month low of $9.81 and a 12 month high of $15.98. The stock has a market cap of $1.92 billion, a PE ratio of -10.82 and a beta of 2.04.

Vermilion Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, TD Securities raised 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.