Vermilion Energy Inc. (VET)
Vermilion Energy to acquire Westbrick Energy for C$1.08 bln
Canada's Vermilion Energy said on Monday it will acquire privately held oil and gas firm Westbrick Energy for C$1.075 billion ($746.53 million)
Vermilion Energy: Another Impressive Quarter And The Buybacks Continue
Vermilion reported a strong funds flow and free cash flow in Q3, above Q2 levels, despite a softer oil price in Q3. The European natural gas prices were very attractive in the most recent quarter, which offset the decline in oil prices. The company has continued to deleverage and has decreased the share count by 4.3% in 2024 on top of the annual dividend yield of 3.5%.
Vermilion Energy (VET) Q3 Earnings and Revenues Miss Estimates
Vermilion Energy (VET) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.25 per share a year ago.
Vermilion Energy (VET) Earnings Expected to Grow: Should You Buy?
Vermilion (VET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Capital Allocation Decisions Are A Huge Tailwind At Vermilion Energy
Vermilion Energy is undervalued, trading at low EV/EBITDA and Price/Cash Flow ratios compared to sector peers, presenting a compelling buying opportunity. The company has a balanced production mix and diversified assets, with significant reserves ensuring long-term sustainable production. Management's effective capital allocation, including substantial debt reduction and a robust share buyback program, enhances shareholder returns.
Vermilion Energy Inc. (VET) Q2 2024 Earnings Call Transcript
Vermilion Energy Inc. (NYSE:VET ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Dion Hatcher - President and CEO Lars Glemser - VP and CFO Conference Call Participants Operator Good morning. My name is Sylvie, and I will be your conference operator today.
Vermilion Energy: Another Quarter Of Strong Production And Solid Cash Flows
Vermilion is a cheap Canadian oil & natural gas stock with a forward EV to EBITDA multiple of 2.5. The company has increased shareholder distributions to around 50% of free cash flow, with a dividend yield of 3.2% and buybacks. Q2 2024 results show production tracking at the upper end of guidance, with strong funds flow and decreasing net debt.
Vermilion Energy (VET) Reports Q2 Loss, Lags Revenue Estimates
Vermilion Energy (VET) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of $0.31. This compares to earnings of $0.57 per share a year ago.
Earnings Preview: Vermilion Energy (VET) Q2 Earnings Expected to Decline
Vermilion (VET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Vermilion Energy: European Gas, M&A, And Share Repurchase Could Push The Price Up
Vermilion Energy is launching new projects in Mica Montney, Croatia, and Germany for production and FCF growth. In my view, the company is positioned to benefit from a potential increase in gas price in Europe due to war with Russia. The stock repurchase program is expected to reduce share count by 10% and accelerate demand for stock.
Vermilion: Reversion To Historical Multiples Would Produce Phenomenal Returns
We had rated Vermilion Energy Inc. a Buy the last time around. The stock has been flat in the interim. Q1 2024 earnings gave investors many reasons to be optimistic, and we break down why this is now 8% of our portfolio.
Swiss National Bank Decreases Stock Position in Vermilion Energy Inc. (NYSE:VET)
Swiss National Bank decreased its position in shares of Vermilion Energy Inc. (NYSE:VET – Free Report) (TSE:VET) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,567 shares of the oil and gas company’s stock after selling 31,700 shares during the period. Swiss National Bank owned approximately 0.20% of Vermilion Energy worth $3,931,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also made changes to their positions in VET. Vanguard Group Inc. grew its holdings in Vermilion Energy by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock valued at $84,183,000 after purchasing an additional 81,497 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Vermilion Energy by 10.7% during the third quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock valued at $52,441,000 after buying an additional 346,826 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Vermilion Energy by 0.7% in the third quarter. Bank of Nova Scotia now owns 2,563,572 shares of the oil and gas company’s stock worth $37,503,000 after buying an additional 19,022 shares during the period. Intact Investment Management Inc. lifted its stake in shares of Vermilion Energy by 36.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock worth $13,835,000 after acquiring an additional 307,200 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Vermilion Energy by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 1,122,380 shares of the oil and gas company’s stock valued at $16,419,000 after acquiring an additional 123,882 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms have weighed in on VET. BMO Capital Markets initiated coverage on Vermilion Energy in a research note on Tuesday, May 14th. They issued an “outperform” rating on the stock. TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00. Check Out Our Latest Research Report on VET Vermilion Energy Price Performance VET opened at $12.33 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $12.01 and its 200-day simple moving average is $11.84. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -4.44 and a beta of 2.04. Vermilion Energy Inc. has a 12-month low of $9.81 and a 12-month high of $15.98. Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.78). Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. The business had revenue of $376.85 million during the quarter. During the same period in the prior year, the company posted $0.77 EPS. On average, equities research analysts anticipate that Vermilion Energy Inc. will post 1.29 earnings per share for the current fiscal year. Vermilion Energy Cuts Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.0872 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.83%. Vermilion Energy’s dividend payout ratio is presently -12.59%. Vermilion Energy Company Profile (Free Report) 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. Read More Five stocks we like better than Vermilion Energy How to Use the MarketBeat Dividend Calculator MarketBeat Week in Review – 5/13 – 5/17 What is Forex and How Does it Work? Take-Two Interactive Software Offers 2nd Chance for Investors Russell 2000 Index, How Investors Use it For Profitable Trading Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
