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.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. CIBC raised their price objective on shares of Vermilion Energy from C$32.00 to C$34.00 in a research report on Wednesday, June 15th. Scotiabank upped their target price on shares of Vermilion Energy from C$36.00 to C$38.00 in a research note on Thursday, July 14th. Royal Bank of Canada upped their target price on shares of Vermilion Energy from C$26.00 to C$28.00 in a research report on Friday, April 29th. National Bank Financial reduced their target price on shares of Vermilion Energy from C$52.00 to C$48.00 in a report on Monday, July 18th. Finally, StockNews.com downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating in a report on Monday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.
Vermilion Energy Stock Performance
Shares of Vermilion Energy stock traded up $0.91 during trading on Friday, hitting $22.96. 2,211,124 shares of the company's stock traded hands, compared to its average volume of 2,373,551. Vermilion Energy has a 1 year low of $5.51 and a 1 year high of $26.02. The business has a 50-day simple moving average of $21.51 and a 200-day simple moving average of $20.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.52 and a quick ratio of 0.50. The stock has a market capitalization of $3.79 billion, a P/E ratio of 5.08 and a beta of 2.47.
Vermilion Energy (NYSE:VET - Get Rating) (TSE:VET) last announced its earnings results on Wednesday, May 11th. The oil and gas company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.49. The firm had revenue of $639.62 million during the quarter. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. As a group, analysts forecast that Vermilion Energy will post 7.37 EPS for the current year.
Vermilion Energy Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.0464 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.81%. Vermilion Energy's dividend payout ratio (DPR) is presently 4.20%.