Vermilion Energy (NYSE:VET) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Vermilion Energy (NYSE:VET) (TSE:VET) announced its earnings results on Wednesday. The oil and gas company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09), reports. The business had revenue of $359.27 million for the quarter, compared to the consensus estimate of $364.54 million. Vermilion Energy had a positive return on equity of 6.24% and a negative net margin of 41.53%.

Vermilion Energy Trading Down 1.8 %

Vermilion Energy stock traded down $0.18 during mid-day trading on Friday, hitting $9.89. The stock had a trading volume of 204,502 shares, compared to its average volume of 1,142,711. The stock has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $10.65. The stock has a market capitalization of $1.54 billion, a PE ratio of -2.69 and a beta of 2.00. Vermilion Energy has a 12 month low of $8.70 and a 12 month high of $13.49. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.089 dividend. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.60%. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.63%.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Vermilion Energy by 2,569.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 3,674 shares during the period. HBK Sorce Advisory LLC acquired a new position in Vermilion Energy in the first quarter valued at about $127,000. Marshall Wace LLP acquired a new position in Vermilion Energy in the second quarter valued at about $122,000. Bank of Nova Scotia Trust Co. raised its position in shares of Vermilion Energy by 15.8% during the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,593 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in shares of Vermilion Energy during the third quarter worth about $115,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut Vermilion Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th.

About Vermilion Energy

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.