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

Vermilion Energy (NYSE:VET) (TSE:VET) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Vermilion Energy to post earnings of $1.01 per share for the quarter. Persons 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 earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.42. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. The business had revenue of $384.17 million for the quarter, compared to analyst estimates 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 0.5 %

Shares of NYSE:VET opened at $12.09 on Monday. Vermilion Energy has a 12 month low of $9.81 and a 12 month high of $15.98. The company’s 50-day moving average price is $11.76 and its two-hundred day moving average price is $12.16. 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 firm has a market cap of $1.93 billion, a P/E ratio of -10.89 and a beta of 2.04.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0888 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio (DPR) is currently -26.13%.

Analyst Ratings Changes

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