Vermilion Energy - VET Stock Forecast, Price & News

Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia. It also owns 20% interests in the offshore Corrib natural gas field located to the northwest coast of Ireland; and 100% working interest in the Wandoo offshore oil field and related production facilities that covers 59,553 acres located on Western Australia's northwest shelf. As of December 31, 2021, the company had 401 net producing conventional natural gas wells and 2,132 net producing light and medium crude oil wells in Canada; 167.6 net producing light and medium crude oil wells in the United States; 297.0 net producing light and medium crude oil wells and 3 net producing conventional natural gas wells in France; and 47 net producing natural gas wells in the Netherlands. Vermilion Energy Inc. was founded in 1994 and is headquartered in Calgary, Canada.

Vermilion Energy Trading Up 2.9 %

NYSE:VET opened at $25.33 on Friday. The stock has a market capitalization of $4.19 billion, a P/E ratio of 6.36 and a beta of 2.47. Vermilion Energy has a 52-week low of $5.51 and a 52-week high of $26.77. The firm has a 50-day moving average price of $21.77 and a 200 day moving average price of $20.73. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 0.59.

Vermilion Energy (NYSE:VET - Get Rating) (TSE:VET) last posted its quarterly earnings results on Thursday, August 11th. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.74. The firm had revenue of $672.99 million during the quarter. Vermilion Energy had a net margin of 28.34% and a return on equity of 43.05%. Equities research analysts expect that Vermilion Energy will post 4.51 EPS for the current year.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.0628 per share. This is a boost from Vermilion Energy's previous quarterly dividend of $0.05. This represents a $0.25 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, September 29th. Vermilion Energy's dividend payout ratio is currently 4.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VET shares. StockNews.com raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of Vermilion Energy from C$26.00 to C$28.00 in a research report on Friday, April 29th. Stifel Firstegy raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 30th. CIBC upped their target price on shares of Vermilion Energy from C$32.00 to C$34.00 in a report on Wednesday, June 15th. Finally, BMO Capital Markets upped their target price on shares of Vermilion Energy from C$35.00 to C$40.00 in a report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.