Vermilion Energy (VET) Posts Quarterly Earnings, Misses Expectations By $0.47 EPS
Vermilion Energy (TSE:VET) announced its earnings results on Friday. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.97 by $0.47, Analyst Ratings News reports.
Vermilion Energy (TSE:VET) opened at 71.96 on Friday. Vermilion Energy has a 1-year low of $55.34 and a 1-year high of $78.24. The stock has a 50-day moving average of $72. and a 200-day moving average of $68.85. The company has a market cap of $7.649 billion and a price-to-earnings ratio of 19.43.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 15th. Investors of record on Thursday, July 31st will be paid a dividend of $0.215 per share. The ex-dividend date is Tuesday, July 29th.
A number of analysts have recently weighed in on VET shares. Analysts at Barclays raised their price target on shares of Vermilion Energy from C$79.00 to C$82.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. On a related note, analysts at CIBC raised their price target on shares of Vermilion Energy from C$82.00 to C$85.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Vermilion Energy from C$79.00 to C$82.00 in a research note on Wednesday, June 18th. They now have an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Vermilion Energy currently has a consensus rating of “Buy” and a consensus target price of C$77.83.
Vermilion Energy Inc (TSE:VET), is engaged in the business of oil and natural gas exploitation, development, acquisition and production in Australia, Canada, France, Ireland and the Netherlands.
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