Vermilion Energy (NYSE:VET) Issues Earnings Results, Misses Estimates By $0.14 EPS

Key Points

• Vermilion Energy reported a quarterly loss of ($0.20) EPS, falling short of analysts' expectations of ($0.06) by ($0.14) and generating revenue of $392.33 million against a forecast of $562.50 million.
• The company's shares fell by 4.0% to $7.52 following the earnings announcement, with a significant 52-week low of $5.14 and a high of $10.85.
• Vermilion Energy cut its dividend with a payout ratio of -237.50%, reflecting ongoing financial challenges despite a recent dividend payment of $0.13 per share.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET announced its earnings results on Thursday. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.14), Zacks reports. The company had revenue of $392.33 million for the quarter, compared to analysts' expectations of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%.

Vermilion Energy Trading Up 0.2%

VET traded up $0.02 during trading on Tuesday, hitting $7.32. 705,803 shares of the stock were exchanged, compared to its average volume of 1,283,721. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $10.85. The firm has a 50 day simple moving average of $7.78 and a 200 day simple moving average of $7.60. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -8.42 and a beta of 1.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 0.71.

Vermilion Energy Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.13 per share. This represents a yield of 466.0%. The ex-dividend date was Monday, June 30th. Vermilion Energy's dividend payout ratio (DPR) is presently -43.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VET. National Bankshares reiterated an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded Vermilion Energy from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Vermilion Energy in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Vermilion Energy currently has a consensus rating of "Hold".

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vermilion Energy stock. JPMorgan Chase & Co. lifted its holdings in Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET by 197.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 693,788 shares of the oil and gas company's stock after purchasing an additional 460,247 shares during the period. JPMorgan Chase & Co. owned about 0.45% of Vermilion Energy worth $5,051,000 as of its most recent filing with the Securities & Exchange Commission. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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.