Brokerages Anticipate Vermilion Energy Inc (VET) to Post $0.16 Earnings Per Share

Wall Street brokerages forecast that Vermilion Energy Inc (NYSE:VET) (TSE:VET) will report earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Vermilion Energy’s earnings. Vermilion Energy posted earnings per share of ($0.02) in the same quarter last year, which suggests a positive year-over-year growth rate of 900%. The company is expected to report its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that Vermilion Energy will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.49 to $0.53. For the next year, analysts anticipate that the business will post earnings of $1.01 per share, with EPS estimates ranging from $0.75 to $1.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Vermilion Energy.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Monday, October 30th. The oil and gas company reported ($0.16) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). Vermilion Energy had a net margin of 4.45% and a return on equity of 3.92%.

Several equities analysts have commented on VET shares. Zacks Investment Research cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Scotiabank reaffirmed a “buy” rating and issued a $52.50 price objective on shares of Vermilion Energy in a research note on Tuesday, October 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Vermilion Energy in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.83.

Vermilion Energy (VET) opened at $39.21 on Friday. The company has a market cap of $4,789.18, a PE ratio of 130.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.77. Vermilion Energy has a 52 week low of $29.91 and a 52 week high of $42.32.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.173 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.08 annualized dividend and a dividend yield of 5.29%. Vermilion Energy’s dividend payout ratio is currently 693.33%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Vermilion Energy by 9.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,550,100 shares of the oil and gas company’s stock worth $233,052,000 after purchasing an additional 569,180 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Vermilion Energy by 0.6% in the 3rd quarter. TD Asset Management Inc. now owns 3,013,884 shares of the oil and gas company’s stock worth $106,877,000 after purchasing an additional 17,765 shares during the last quarter. Guardian Capital LP grew its stake in shares of Vermilion Energy by 71.3% in the 2nd quarter. Guardian Capital LP now owns 2,869,750 shares of the oil and gas company’s stock worth $90,935,000 after purchasing an additional 1,194,092 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Vermilion Energy by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,589,511 shares of the oil and gas company’s stock worth $82,165,000 after purchasing an additional 124,130 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. grew its stake in shares of Vermilion Energy by 9.2% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 1,817,936 shares of the oil and gas company’s stock worth $57,683,000 after purchasing an additional 152,496 shares during the last quarter. 54.18% of the stock is currently owned by institutional investors.

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Vermilion Energy Company Profile

Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.

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