Vermilion Energy (NYSE:VET) Announces Quarterly Earnings Results, Misses Expectations By $0.78 EPS

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET released its quarterly earnings data on Wednesday. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.78), Zacks reports. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. The company had revenue of $376.85 million during the quarter. During the same quarter in the prior year, the company posted $0.77 EPS.

Vermilion Energy Price Performance

VET traded up $0.47 on Thursday, hitting $11.73. 2,446,260 shares of the stock were exchanged, compared to its average volume of 1,229,849. Vermilion Energy has a 12 month low of $9.81 and a 12 month high of $15.98. The business has a 50-day moving average of $11.83 and a two-hundred day moving average of $12.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.10. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -10.57 and a beta of 2.04.

Vermilion Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.0872 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 annualized dividend and a yield of 2.97%. Vermilion Energy's dividend payout ratio is -26.13%.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vermilion Energy currently has an average rating of "Moderate Buy" and a consensus price target 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.