Vermilion Energy Inc (TSE:VET) (NYSE:VET) posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.36, Yahoo Finance reports. The firm had revenue of $271.39 million during the quarter. Vermilion Energy had a return on equity of 11.20% and a net margin of 18.15%.
Shares of Vermilion Energy (TSE:VET) opened at 40.71 on Monday. The stock has a market capitalization of $4.93 billion and a price-to-earnings ratio of 65.66. The firm’s 50-day moving average price is $41.24 and its 200 day moving average price is $47.37. Vermilion Energy has a 1-year low of $38.60 and a 1-year high of $58.98.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be paid a $0.215 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $2.58 annualized dividend and a dividend yield of 6.34%.
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VET has been the subject of a number of research reports. Scotiabank reaffirmed an “outperform” rating and set a C$62.50 price target on shares of Vermilion Energy in a research report on Monday, May 1st. Barclays PLC lowered their price target on Vermilion Energy from C$64.00 to C$50.00 in a research report on Monday, July 24th. TD Securities lowered their price target on Vermilion Energy from C$60.00 to C$59.00 and set a “buy” rating for the company in a research report on Monday, May 1st. BMO Capital Markets reduced their price objective on Vermilion Energy from C$50.00 to C$48.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada lifted their price objective on Vermilion Energy from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Eight investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$55.50.
In other news, insider Mona Jean Jasinski sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of C$46.90, for a total transaction of C$304,850.00.
Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces crude oil and natural gas in North America, Europe, and Australia. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France.
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