Vermilion Energy (NYSE:VET) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.33, Zacks reports. The firm had revenue of $334.64 million for the quarter, compared to the consensus estimate of $384.74 million. Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock traded down $0.30 on Thursday, hitting $11.25. 1,643,659 shares of the company were exchanged, compared to its average volume of 1,943,407. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $9.50 and a 200 day moving average price of $8.55. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -10.23 and a beta of 0.61. Vermilion Energy has a 1-year low of $5.14 and a 1-year high of $12.00.

Institutional Trading of Vermilion Energy

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the period. State of Wyoming boosted its position in shares of Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares in the last quarter. LPL Financial LLC purchased a new position in Vermilion Energy in the fourth quarter valued at approximately $92,000. Mercer Global Advisors Inc. ADV grew its position in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,289 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Vermilion Energy during the second quarter worth about $105,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VET. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. TD Securities restated a “hold” rating on shares of Vermilion Energy in a research report on Thursday. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada lifted their price target on shares of Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Vermilion Energy presently has a consensus rating of “Hold” and an average price target of $15.00.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).