Vermilion Energy (VET) Set to Announce Quarterly Earnings on Wednesday

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.45 per share for the quarter.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last issued its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.43 by C($0.95). The business had revenue of C$478.93 million for the quarter, compared to the consensus estimate of C$514.63 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 VET stock traded down C$0.03 during trading on Wednesday, hitting C$13.16. The company had a trading volume of 770,136 shares, compared to its average volume of 770,626. The stock's 50-day moving average is C$13.37 and its two-hundred day moving average is C$14.79. The stock has a market capitalization of C$2.05 billion, a price-to-earnings ratio of -2.58, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$20.39.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, September 27th. Vermilion Energy's payout ratio is -9.39%.

Insider Activity

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of C$13.54 per share, for a total transaction of C$67,700.00. Insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

VET has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Royal Bank of Canada reduced their price objective on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. BMO Capital Markets cut Vermilion Energy from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. TD Securities cut their target price on Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, National Bankshares decreased their price target on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Vermilion Energy currently has an average rating of "Moderate Buy" and a consensus target price of C$19.36.

Vermilion Energy Company Profile

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.