Vermilion Energy (VET) Scheduled to Post Earnings on Wednesday

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

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.59. The firm had revenue of C$522.97 million for the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of TSE VET opened at C$16.52 on Monday. The stock has a market cap of C$2.68 billion, a price-to-earnings ratio of -11.39, a P/E/G ratio of -0.02 and a beta of 2.71. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93. Vermilion Energy has a 1-year low of C$13.30 and a 1-year high of C$21.60. The stock’s 50-day moving average is C$15.98 and its 200 day moving average is C$16.47.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.12 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.10%.

Analyst Upgrades and Downgrades

VET has been the topic of a number of recent research reports. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and increased their target price for the company from C$18.00 to C$20.00 in a report on Wednesday, March 27th. Royal Bank of Canada increased their target price on Vermilion Energy from C$20.00 to C$21.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. cut their target price on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a research report on Friday, March 8th. National Bankshares increased their target price on Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Finally, Canaccord Genuity Group increased their price target on Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$21.54.

Insider Activity

In related news, Director Myron Maurice Stadnyk acquired 3,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of C$16.10 per share, with a total value of C$48,300.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 3,000 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of C$16.10 per share, for a total transaction of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. Corporate insiders own 0.15% of the company’s stock.

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.