Vermilion Energy (TSE:VET) Announces Quarterly Earnings Results

Vermilion Energy (TSE:VET) (NYSE:VET) issued its quarterly earnings data on Wednesday. The company reported C($0.95) EPS for the quarter, FiscalAI reports. The business had revenue of C$519.13 million during the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%.

Vermilion Energy Stock Up 0.2%

Shares of VET stock opened at C$16.19 on Friday. The stock’s fifty day moving average price is C$17.14 and its 200 day moving average price is C$13.92. Vermilion Energy has a 1-year low of C$8.17 and a 1-year high of C$20.31. The company has a market cap of C$2.47 billion, a price-to-earnings ratio of -3.81, a price-to-earnings-growth ratio of -0.02 and a beta of 0.53. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s payout ratio is -12.24%.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, insider Gerard Schut sold 10,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the sale, the insider directly owned 94,268 shares in the company, valued at approximately C$1,791,092. This trade represents a 9.59% decrease in their ownership of the stock. Also, insider Yvonne Jeffery sold 6,332 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total value of C$123,537.32. Following the completion of the sale, the insider directly owned 30,527 shares of the company’s stock, valued at approximately C$595,581.77. This represents a 17.18% decrease in their position. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VET. Scotiabank lifted their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Desjardins upped their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, March 9th. Royal Bank Of Canada raised their price objective on Vermilion Energy from C$15.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating and lifted their target price for the company from C$14.00 to C$16.00 in a research note on Thursday, March 5th. Finally, National Bank Financial decreased their price target on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Vermilion Energy has an average rating of “Hold” and an average price target of C$19.00.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.