Vermilion Energy (TSE:VET) Posts Earnings Results, Misses Estimates By $0.12 EPS

Vermilion Energy (TSE:VET) (NYSE:VET) released its quarterly earnings results on Wednesday. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12), reports. The firm had revenue of C$490.10 million for the quarter, compared to analyst estimates of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock traded up C$0.09 during trading on Friday, hitting C$13.99. The stock had a trading volume of 839,300 shares, compared to its average volume of 770,375. The business has a fifty day moving average of C$13.32 and a two-hundred day moving average of C$14.62. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$18.53. The firm has a market cap of C$2.18 billion, a P/E ratio of -2.74, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40.

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of Vermilion Energy stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Canaccord Genuity Group reduced their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. National Bankshares lowered their price objective on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Royal Bank of Canada reduced their target price on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Desjardins lowered their price target on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$19.36.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.