Last C$56.24 CAD
Change Today +0.30 / 0.54%
Volume 556.4K
VET On Other Exchanges
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vermilion energy inc (VET) Snapshot

Open
C$56.24
Previous Close
C$55.94
Day High
C$56.79
Day Low
C$54.73
52 Week High
06/20/14 - C$78.24
52 Week Low
12/10/14 - C$44.03
Market Cap
6.0B
Average Volume 10 Days
593.8K
EPS TTM
C$2.23
Shares Outstanding
107.5M
EX-Date
02/25/15
P/E TM
25.2x
Dividend
C$2.58
Dividend Yield
4.59%
Current Stock Chart for VERMILION ENERGY INC (VET)

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vermilion energy inc (VET) Details

Vermilion Energy Inc. is engaged in the exploitation, development, acquisition, and production of oil and natural gas in Australia, Canada, France, Ireland, and the Netherlands. As of December 31, 2013, it owned 70% of average working interest in 286,800 net acres of developed land, 569,300 net acres of undeveloped land, 347 net producing natural gas wells, and 307 net producing oil wells in Canada; and 96% working interest in 208,900 net acres of developed land, and 100% working interest in 344,900 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 316 net producing oil wells in France. The company also owned 53% working interest in 735,700 net acres of developed land, of which 95% is undeveloped, and 43 net producing gas wells in the Netherlands; a 100% working interest in the Wandoo block that covers an area of approximately 59,600 acres in Australia; and an 18.5% working interest in the offshore Corrib gas field comprising 6 offshore wells located off the northwest coast of Ireland. It has 54,857 barrels of oil equivalent (Mboe) of total proved reserves and 86,105 Mboe of proved plus probable reserves located in Canada; 36,230 Mboe of total proved reserves and 55,168 Mboe of proved plus probable reserves located in France; 6,186 Mboe of total proved reserves and 13,717 Mboe of proved plus probable reserves located in the Netherlands; 14,024 Mboe of total proved reserves and 19,463 Mboe of proved plus probable reserves located in Australia; and 17,655 Mboe of total proved reserves and 24,106 Mboe of proved plus probable reserves located in Ireland. The company was founded in 1994 and is headquartered in Calgary, Canada.

Founded in 1994

vermilion energy inc (VET) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$497.5K
President and Chief Operating Officer
Total Annual Compensation: C$396.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$321.3K
Executive Vice President of People and Cultur...
Total Annual Compensation: C$260.6K
Executive Vice President of Business Developm...
Total Annual Compensation: C$314.7K
Compensation as of Fiscal Year 2013.

vermilion energy inc (VET) Key Developments

Vermilion Appoints Kevin Reinhartand Cathy Williams to its Board of Directors, Effective March 2, 2015

Vermilion announced the appointment of Kevin Reinhartand Cathy Williams to its board of directors, effective effective March 2, 2015. Reinhart brings over 20 years of oil and gas industry experience, with an extensive background in leadership, strategy and growth, finance, international activities, exploration, sustainability, corporate relations and marketing.

Vermilion Energy Inc. Reports Audited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014; Reaffirms Production Guidance for the Year of 2015

Vermilion Energy Inc. reported audited consolidated earnings and production results for the fourth quarter and year ended December 31, 2014. For the year, the company reported petroleum and natural gas revenue of CAD 1,311,628,000 compared to CAD 1,205,899,000 a year ago. Earnings before income taxes were CAD 453,072,000 compared to CAD 581,177,000 a year ago. Net earnings were CAD 269,326,000 or CAD 2.51 per diluted share compared to CAD 327,641,000 or CAD 3.20 per diluted share a year ago. Cash flows from operating activities were CAD 791,986,000 compared to CAD 705,025,000 a year ago. Investing in drilling and development was CAD 618,689,000 compared to CAD 537,564,000 a year ago. Investing in exploration and evaluation was CAD 69,035,000 compared to CAD 13,789,000 a year ago. Investing in property acquisitions was CAD 220,726,000 compared to CAD 9,189,000 a year ago. Net debt as at Dec. 31, 2014 was CAD 1,265,650 million compared to CAD 749,685 million a year ago. Fund flows from operations increased by 21% to CAD 804.9 million or CAD 7.51 per diluted share, as compared to CAD 667.5 million or CAD 6.51 per diluted share in 2013. Year-over-year growth in FFO was largely attributable to the growth in production as well as higher liquids weighting compared to 2013, partially offset by generally weaker pricing overall. For the quarter, the company reported petroleum and natural gas revenue of CAD 306,073 million compared to CAD 325,108 million a year ago. Net earnings were CAD 58,642 million or CAD 0.55 per basic share compared to CAD 101,510 million or CAD 1.00 per basic share a year ago. Capital expenditures were CAD 166,243 million compared to CAD 148,478 million a year ago. FFO was CAD 185.5 million or CAD 1.71 per diluted share down from CAD 197.9 million or CAD 1.58 per diluted share in the prior quarter. The quarter-over-quarter decrease was primarily attributable to substantially lower commodity pricing during fourth quarter of 2014 compared to the prior quarter, partially offset by lower corporate income taxes and higher realized hedging gains. Cash flows from operating activities were CAD 229,146 million compared to CAD 177,003 million a year ago. Average annual production for 2014 was 49,573 boe/d, an increase of 21% as compared to 41,005 boe/d in 2013. Full year Canadian production volumes grew 34% year-over-year. Canadian production growth was attributable to a 20% increase in average production from Cardium light oil resource play, a near tripling of Mannville condensate-rich gas production and the addition of approximately 1,900 boe/d of production (based on a late April 2014 closing) from southeast Saskatchewan assets. Production for fourth quarter of 2014 averaged 49,571 boe/d, down slightly from 49,920 boe/d in the prior quarter. The company reaffirmed production guidance of 55,000 boe/d to 57,000 boe/d for the year of 2015.

Vermilion Seeks Acquisitions

Vermilion Energy Inc. (TSX:VET) said that during 2014, we realized successful entry into four new areas within our existing core regions. As previously mentioned, in February we announced our entry into Germany, expanding our exposure to European natural gas markets and establishing a strong foundation for organic growth and possible future acquisitions. In spite of the challenges posed by the current business environment, we continue to believe that Vermilion is situated for long-term, diversified growth. We remain confident that the assets in our portfolio can support organic growth for years to come, and in the current environment, we also find ourselves well positioned to take advantage of potential acquisition activity in both North American and international markets.

 

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Industry Analysis

VET

Industry Average

Valuation VET Industry Range
Price/Earnings 20.7x
Price/Sales 4.3x
Price/Book 2.8x
Price/Cash Flow 8.0x
TEV/Sales 3.2x
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