Vermilion Energy Inc (VET) Expected to Announce Earnings of $0.13 Per Share

Equities analysts expect Vermilion Energy Inc (NYSE:VET) (TSE:VET) to report earnings of $0.13 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Vermilion Energy’s earnings. Vermilion Energy reported earnings of $0.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 53.6%. The business is scheduled to issue its next quarterly earnings results on Friday, April 27th.

According to Zacks, analysts expect that Vermilion Energy will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.47 to $1.06. For the next year, analysts anticipate that the company will report earnings of $0.93 per share, with EPS estimates ranging from $0.82 to $1.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Vermilion Energy.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Thursday, March 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.12). The business had revenue of $249.88 million for the quarter, compared to the consensus estimate of $244.23 million. Vermilion Energy had a net margin of 5.32% and a return on equity of 4.92%.

Several brokerages recently issued reports on VET. Zacks Investment Research raised Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, February 14th. JPMorgan Chase & Co. began coverage on Vermilion Energy in a research note on Monday, February 12th. They set an “overweight” rating on the stock. Finally, ValuEngine downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.83.

Shares of Vermilion Energy (VET) opened at $31.43 on Tuesday. The stock has a market capitalization of $3,870.00, a P/E ratio of 76.66 and a beta of 0.71. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $40.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.67 and a current ratio of 0.72.

The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.171 per share. This represents a $2.05 annualized dividend and a yield of 6.53%. The ex-dividend date is Tuesday, February 27th. Vermilion Energy’s dividend payout ratio is presently 504.88%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its holdings in Vermilion Energy by 173.6% during the 3rd quarter. Advisor Group Inc. now owns 3,122 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 1,981 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in Vermilion Energy during the 4th quarter valued at approximately $127,000. American International Group Inc. purchased a new position in Vermilion Energy during the 4th quarter valued at approximately $204,000. Koch Industries Inc. purchased a new position in Vermilion Energy during the 4th quarter valued at approximately $262,000. Finally, HPM Partners LLC purchased a new position in Vermilion Energy during the 4th quarter valued at approximately $283,000. Institutional investors and hedge funds own 56.47% of the company’s stock.

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About Vermilion Energy

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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