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VET $11.83

VET target price
11.83
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Vermilion Energy Inc.
Type
Public
Traded as TSX: VET NYSE: VET
Industry Petroleum
Founded 1994
Headquarters Calgary, Alberta, Canada
Key people
Lorenzo Donadeo,chair
Anthony Marino,pres,ceo
Curtis W. Hicks,cfo,exec vp
Michael Kaluza",coo,exec vp
Products Oil, natural gas
Production output
54,922 boe/d
Revenue C$939.6 mil 2015
Net income
C$-217.3 mil 2015
Total assets C$4,209.2 mil dec15
Number of employees
516
Website vermilionenergy.com

Vermilion Energy is an international oil and gas producer with operations in North America, Europe and Australia. Vermilion pays a monthly dividend of Canadian $0.215 per share, which provides a current yield of approximately 5%. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

Vermilion began in 1994 as Vermilion Resources Ltd, an Alberta focused oil and gas company. Vermilion had its initial public offering on the Alberta Stock Exchange in April 1996 for $0.10 per share.

The company changed its status to that of a trust in December 2002 when it became known as Vermilion Energy Trust for eight years; In September 2010, it converted back to a corporation.

In March 2013, Vermilion began trading on the NYSE under the ticker symbol "VET".

In Canada, Vermilion's operations are focused in the West Pembina/Drayton Valley region of Alberta and the Northgate Region of southeast Saskatchewan. In West Pembina, Vermilion has the potential for three significant development projects sharing the same surface infrastructure:

Vermilion entered the US market in 2014 with the acquisition of properties in the Powder River Basin of northeastern Wyoming in 2014. Vermilion's activities are targeting oil and gas development in the Turner Sands tight-oil play.

After entering the country in 1997, Vermilion has grown to become the largest oil producer in France. The company estimates there are more than 1.7 billion barrels of original oil in place in the five biggest conventional oil pools.

Vermilion entered the Netherlands in 2004 and has since expanded its undeveloped land base to cover approximately 800,000 net acres. The Netherlands is characterized by high impact natural gas drilling and development. Vermilion's natural gas production in the Netherlands is priced of Title Transfer Facility (TTF).

Vermilion acquired a 25% contractual participation interest in a four partner consortium in Germany from GDF Suez S.A. in February 2014. The assets include 4 natural gas producing fields across 11 production licenses, spanning 204,000 gross acres. Since that time, Vermilion has expanded its land position to include over 1.1 million net acres in the prolific North German Basin.

Vermilion acquired a 18.5% non-operated stake in the Corrib field from Marathon Oil Corp in 2009. The other partners in the project are Shell with 45% (project operator) and Statoil with 36.5%. At peak production, the Corrib project will supply 60-65% of the country's natural gas demand and over 90% of the country's natural gas production. First-gas from Corrib began on December 30, 2015.

Wandoo is Vermilion's Australian asset, an offshore oil field and platform approximately 80 kilometers off the northwest coast of Australia. Wandoo production receives a premium to Brent Crude pricing. Vermilion originally purchased a 60% operated interest in Wandoo in 2005. The company then purchased the remaining 40% interest in Wandoo in 2007.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-07 Future report Set alerts
Q2 2022 2022-08-11 0.00 0.00
Q1 2022 2022-05-11 1.69 1.69
Q4 2021 2022-03-07 2.06 2.06
Q3 2021 2021-11-09 -0.91 -0.91
Q2 2021 2021-08-16 2.79 2.79
Q1 2021 2021-04-28 3.10 3.10
Q4 2020 2021-03-08 -0.35 -0.35
Q2 2020 2020-07-27 -0.45 -0.45
Q1 2020 2020-04-28 -8.42 -8.42

Ratings

2016-06-30 Reiterated Rating Scotiabank Outperform $52.50
2016-06-30 Reiterated Rating Barclays Overweight $45.00
2016-06-30 Reiterated Rating Barclays PLC Overweight $45.00
2016-06-15 Reiterated Rating CIBC Outperform $50.00
2016-05-10 Reiterated Rating TD Securities Buy $44.00 to $49.00
2016-05-10 Reiterated Rating Desjardins Buy $42.00 to $44.00
2016-05-09 Reiterated Rating RBC Capital Sector Perform $42.00
2016-05-09 Reiterated Rating Royal Bank Of Canada Sector Perform $42.00
2016-03-01 Reiterated Rating Canaccord Genuity Buy
2016-01-30 Reiterated Rating RBC Capital Outperform $43.00
2016-01-20 Reiterated Rating Barclays Overweight $54.00 to $39.00
2016-01-13 Reiterated Rating Dundee Securities Neutral $40.00
2016-01-06 Reiterated Rating Canaccord Genuity Buy
2015-12-30 Reiterated Rating Canaccord Genuity Buy
2015-12-04 Reiterated Rating National Bank Financial Outperform $56.00 to $54.00
2015-11-12 Reiterated Rating RBC Capital Outperform $55.00 to $52.00
2015-11-12 Reiterated Rating BMO Capital Markets Outperform $60.00 to $57.00
2015-11-05 Downgrade Goldman Sachs Neutral to Sell
2015-11-05 Downgrade Goldman Sachs Group Inc. Neutral to Sell
2015-11-01 Reiterated Rating Barclays Overweight $55.00 to $54.00
2015-08-31 Downgrade Bank of America Buy to Neutral
2015-08-31 Downgrade Bank of America Corp. Buy to Neutral
2015-08-11 Upgrade Desjardins Hold to Buy
2015-07-02 Reiterated Rating Barclays Overweight
2015-05-12 Reiterated Rating FirstEnergy Capital Outperform $62.50 to $64.00
2015-05-05 Initiated Coverage Canaccord Genuity Buy to Buy $47.20
2015-02-04 Downgrade Credit Suisse Outperform to Neutral
2015-02-04 Downgrade Credit Suisse Group AG Outperform to Neutral
2015-01-20 Upgrade CIBC Sector Perform to Outperform
2014-12-04 Downgrade CIBC Outperform to Sector Perform
2014-07-02 Initiated Coverage Bank of America Buy $80.00
2014-04-09 Downgrade Macquarie Neutral
2014-03-19 Upgrade TD Securities Hold to Buy
2013-11-08 Upgrade National Bank Financial Sector Perform to Outperform
2013-10-25 Initiated Coverage Goldman Sachs Neutral
2016-06-30 Reiterated Rating Scotiabank Outperform $52.50
2016-06-30 Reiterated Rating Barclays Overweight $45.00
2016-06-30 Reiterated Rating Barclays PLC Overweight $45.00
2016-06-15 Reiterated Rating CIBC Outperform $50.00
2016-05-10 Reiterated Rating TD Securities Buy $44.00 to $49.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks