Vermilion Energy (TSE:VET) Posts Quarterly Earnings Results

Vermilion Energy (TSE:VET) (NYSE:VET) posted its earnings results on Wednesday. The company reported C($0.23) earnings per share (EPS) for the quarter, FiscalAI reports. Vermilion Energy had a negative net margin of 24.01% and a negative return on equity of 19.54%. The firm had revenue of C$609.29 million during the quarter.

Vermilion Energy Price Performance

TSE VET traded down C$2.33 on Wednesday, hitting C$15.02. The company had a trading volume of 1,409,993 shares, compared to its average volume of 1,209,568. The company has a debt-to-equity ratio of 62.68, a current ratio of 1.00 and a quick ratio of 0.40. The company’s fifty day moving average price is C$17.70 and its 200-day moving average price is C$16.12. The company has a market capitalization of C$2.30 billion, a PE ratio of -5.18, a PEG ratio of -0.02 and a beta of 0.49. Vermilion Energy has a 12-month low of C$10.31 and a 12-month high of C$20.31.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.1350 dividend. This represents a $0.54 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Vermilion Energy’s payout ratio is presently -18.28%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VET. TD raised their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Friday, July 31st. National Bank Financial upped their price objective on shares of Vermilion Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. TD Securities upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. BMO Capital Markets lifted their price target on Vermilion Energy from C$15.00 to C$17.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Desjardins set a C$16.00 price target on Vermilion Energy and gave the stock a “hold” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$19.88.

Vermilion Energy Company Profile

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion’s priorities are health and safety, the environment, and profitability, in that order.