Vermilion Energy (NYSE:VET) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.30 by $0.33, Zacks reports. The company had revenue of $334.64 million during the quarter, compared to analyst estimates of $384.74 million. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%.

Vermilion Energy Trading Down 2.3%

Shares of NYSE:VET traded down $0.26 on Thursday, reaching $11.29. 1,415,349 shares of the company traded hands, compared to its average volume of 1,936,390. The business’s 50-day simple moving average is $9.50 and its 200 day simple moving average is $8.55. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $12.00. The stock has a market capitalization of $1.72 billion, a P/E ratio of -10.26 and a beta of 0.61. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Vermilion Energy

Institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its position in Vermilion Energy by 130.2% during the 4th quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock worth $26,483,000 after acquiring an additional 1,795,636 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after purchasing an additional 1,388,489 shares during the last quarter. LM Asset Management Inc. boosted its stake in shares of Vermilion Energy by 28.2% during the fourth quarter. LM Asset Management Inc. now owns 3,772,600 shares of the oil and gas company’s stock valued at $31,434,000 after purchasing an additional 830,600 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Vermilion Energy by 77.1% in the second quarter. Bank of America Corp DE now owns 1,245,537 shares of the oil and gas company’s stock worth $9,068,000 after purchasing an additional 542,352 shares during the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VET has been the subject of several research analyst reports. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vermilion Energy has an average rating of “Hold”.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).