Vermilion Energy (VET) Scheduled to Post Quarterly Earnings on Wednesday

Posted by Defense World Staff on Apr 26th, 2023

Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) will be issuing its quarterly earnings data after the market closes on Wednesday, May 3rd. Analysts expect the company to announce earnings of C$0.35 per share for the quarter.

Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) last posted its quarterly earnings data on Wednesday, March 8th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.25). The firm had revenue of C$842.69 million for the quarter. Vermilion Energy had a return on equity of 48.03% and a net margin of 38.45%.

Vermilion Energy Stock Down 3.1 %

VET stock opened at C$17.40 on Wednesday. The company has a debt-to-equity ratio of 33.88, a current ratio of 0.80 and a quick ratio of 0.40. The stock has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 2.23, a PEG ratio of -0.02 and a beta of 2.92. The business’s fifty day moving average price is C$17.97 and its two-hundred day moving average price is C$22.40. Vermilion Energy has a fifty-two week low of C$16.41 and a fifty-two week high of C$39.21.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a dividend of $0.10 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.40 annualized dividend and a yield of 2.30%. Vermilion Energy’s dividend payout ratio (DPR) is presently 5.13%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Vermilion Energy from C$29.00 to C$28.00 in a research report on Monday, April 17th. Stifel Nicolaus decreased their price target on Vermilion Energy from C$42.00 to C$37.00 in a research report on Tuesday, January 10th. Desjardins decreased their price target on Vermilion Energy from C$31.00 to C$30.00 in a research report on Monday, March 13th. BMO Capital Markets decreased their price target on Vermilion Energy from C$23.00 to C$22.00 in a research report on Monday, March 27th. Finally, Raymond James decreased their price target on Vermilion Energy from C$31.00 to C$25.00 in a research report on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.50.

Insider Buying and Selling at Vermilion Energy

In other news, Senior Officer Lars William Glemser sold 19,379 shares of Vermilion Energy stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of C$17.60, for a total transaction of C$340,973.51. Company insiders own 0.14% of the company’s stock.

About Vermilion Energy

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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.