Vermilion Energy (NYSE:VET) Posts Earnings Results, Misses Expectations 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 released its earnings results on Thursday. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14), Zacks reports. Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. The firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million.

Vermilion Energy Stock Up 0.3%

NYSE VET traded up $0.02 during trading on Wednesday, reaching $7.30. 186,158 shares of the company's stock were exchanged, compared to its average volume of 1,278,815. Vermilion Energy has a fifty-two week low of $5.14 and a fifty-two week high of $10.85. The firm has a market capitalization of $1.12 billion, a PE ratio of -8.36 and a beta of 1.22. The company has a current ratio of 1.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.74. The company's fifty day simple moving average is $7.78 and its 200-day simple moving average is $7.60.

Vermilion Energy Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. National Bankshares reiterated an "outperform" rating on shares of Vermilion Energy in a research report on Friday, April 25th. Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday. BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a research report on Friday. Finally, Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

Institutional Investors Weigh In On Vermilion Energy

Institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in Vermilion Energy during the 2nd quarter worth about $573,000. JPMorgan Chase & Co. boosted its position in Vermilion Energy by 197.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company's stock worth $5,051,000 after acquiring an additional 460,247 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Vermilion Energy by 51.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company's stock worth $13,207,000 after purchasing an additional 553,281 shares in the last quarter. 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.