Vermilion Energy Inc (VET) Issues Earnings Results
Vermilion Energy Inc (TSE:VET) (NYSE:VET) posted its earnings results on Wednesday, July 26th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.36, Yahoo Finance reports. Vermilion Energy had a return on equity of 11.20% and a net margin of 18.15%. The firm had revenue of $271.39 million for the quarter.
Vermilion Energy (VET) traded up 2.60% on Friday, reaching $40.71. The company had a trading volume of 338,714 shares. The firm has a market capitalization of $4.93 billion and a PE ratio of 65.66. Vermilion Energy has a 12 month low of $38.60 and a 12 month high of $58.98. The stock has a 50 day moving average of $41.24 and a 200 day moving average of $47.37.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $2.58 dividend on an annualized basis and a yield of 6.34%.
Several equities research analysts have weighed in on the company. TD Securities restated a “buy” rating and set a C$60.00 price target on shares of Vermilion Energy in a report on Tuesday, April 11th. Royal Bank Of Canada restated a “sector perform” rating and set a C$56.00 price target on shares of Vermilion Energy in a report on Monday, April 10th. Barclays PLC cut their price target on Vermilion Energy from C$66.00 to C$64.00 in a report on Monday, April 24th. Scotiabank restated an “outperform” rating and set a C$62.50 price target on shares of Vermilion Energy in a report on Monday, May 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a C$55.00 price target on shares of Vermilion Energy in a report on Monday, May 1st. Eight equities research analysts have rated the stock with a buy rating, Vermilion Energy has an average rating of “Buy” and an average price target of C$55.50.
In related news, insider Mona Jean Jasinski sold 6,500 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of C$46.90, for a total value of C$304,850.00.
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Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces crude oil and natural gas in North America, Europe, and Australia. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France.
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