Vermilion Energy (NYSE:VET) Announces Earnings Results

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET posted its earnings results on Wednesday. The oil and gas company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.44), Zacks reports. Vermilion Energy had a positive return on equity of 6.29% and a negative net margin of 41.53%. The business had revenue of $348.03 million for the quarter, compared to analysts' expectations of $502.80 million.

Vermilion Energy Trading Up 1.1 %

Shares of NYSE VET traded up $0.09 during midday trading on Friday, reaching $7.56. The company had a trading volume of 1,831,486 shares, compared to its average volume of 1,162,082. Vermilion Energy has a one year low of $7.09 and a one year high of $12.79. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $9.30 and its 200-day moving average price is $9.59. The stock has a market cap of $1.17 billion, a PE ratio of -2.02 and a beta of 1.91.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0903 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Monday, March 31st. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's payout ratio is -163.64%.

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Wall Street Analysts Forecast Growth

VET has been the subject of a number of research reports. Atb Cap Markets cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. StockNews.com upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Friday.

About Vermilion Energy

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.