Vermilion Energy Inc. (NYSE:VET) Posts Quarterly Earnings Results, Beats Estimates By $0.37 EPS

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37, Morningstar.com reports. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. The business had revenue of $201.70 million for the quarter.

Shares of Vermilion Energy (NYSE:VET) traded down 0.95% during trading on Tuesday, reaching $30.38. 21,002 shares of the company traded hands. The stock has a market cap of $3.68 billion, a P/E ratio of 61.50 and a beta of 0.51. The stock’s 50 day moving average price is $31.69 and its 200-day moving average price is $35.12. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $44.95.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 28th will be given a dividend of $0.1686 per share. This represents a $2.02 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Wednesday, July 26th. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.16. Vermilion Energy’s dividend payout ratio (DPR) is presently 423.40%.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in Vermilion Energy by 17.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,194 shares of the oil and gas company’s stock worth $101,000 after buying an additional 484 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Vermilion Energy by 145.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,946 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,746 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Vermilion Energy by 16.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,835 shares of the oil and gas company’s stock worth $117,000 after buying an additional 405 shares during the last quarter. Huntington National Bank raised its position in Vermilion Energy by 19.2% in the first quarter. Huntington National Bank now owns 3,291 shares of the oil and gas company’s stock worth $123,000 after buying an additional 530 shares during the last quarter. Finally, Sei Investments Co. raised its position in Vermilion Energy by 114.2% in the second quarter. Sei Investments Co. now owns 4,657 shares of the oil and gas company’s stock worth $148,000 after buying an additional 2,483 shares during the last quarter. 49.36% of the stock is owned by institutional investors.

VET has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Saturday, July 8th. Finally, Royal Bank Of Canada upgraded shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Vermilion Energy presently has an average rating of “Hold” and a consensus price target of $53.25.

About Vermilion Energy