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

Vermilion Energy (NYSE:VET) (TSE:VET) will announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.78). Vermilion Energy had a positive return on equity of 11.65% and a negative net margin of 30.71%. The company had revenue of $376.85 million during the quarter. During the same quarter in the previous year, the company earned $0.77 earnings per share. On average, analysts expect Vermilion Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vermilion Energy Stock Performance

Shares of VET stock opened at $10.21 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.67 and a beta of 2.03. Vermilion Energy has a one year low of $9.81 and a one year high of $15.98. The company has a 50 day moving average price of $11.31 and a 200 day moving average price of $11.44.

Vermilion Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.0872 per share. The ex-dividend date was Friday, June 28th. This represents a $0.35 annualized dividend and a dividend yield of 3.42%. Vermilion Energy’s dividend payout ratio is presently -12.59%.

Analysts Set New Price Targets

Separately, BMO Capital Markets began coverage on Vermilion Energy in a report on Tuesday, May 14th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

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.