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Last C$45.05 CAD
Change Today +2.27 / 5.31%
Volume 534.1K
As of 4:40 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

vermilion energy inc (VET) Snapshot

Open
C$42.77
Previous Close
C$42.78
Day High
C$45.39
Day Low
C$42.77
52 Week High
09/3/14 - C$71.00
52 Week Low
08/24/15 - C$37.55
Market Cap
4.9B
Average Volume 10 Days
625.0K
EPS TTM
C$0.70
Shares Outstanding
109.5M
EX-Date
08/20/15
P/E TM
64.4x
Dividend
C$2.58
Dividend Yield
5.73%
Current Stock Chart for VERMILION ENERGY INC (VET)

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vermilion energy inc (VET) Details

Vermilion Energy Inc. acquires, explores, develops, and produces oil and natural gas in North America, Europe and Australia. As of December 31, 2014, it owned 65% interests in 313,700 net acres of developed land and 86% interests in 582,300 net acres of undeveloped land, as well as 443 net producing natural gas wells and 447 net producing oil wells in Canada; and 96% interests in 208,900 net acres of developed land and 100% interests in 344,900 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 322 net producing oil wells in France. The company also owned 57% interests in 845,700 net acres of land, as well as 34 net producing gas wells in the Netherlands; 51,800 net acres of land and 4 net producing gas wells in Germany; and 68,300 net acres of land and 3 net producing oil wells in the United States. In addition, it holds 18.5% interest in the offshore Corrib gas field situated in Ireland; and 100% interest in the Wandoo block, which consists of 59,600 acres located in Australia. Further, the company had 70,608 barrels of oil equivalent (Mboe) of total proved reserves and 120,243 Mboe of proved plus probable reserves located in Canada; 37,249 Mboe of total proved reserves and 57,967 Mboe of proved plus probable reserves situated in France; 6,247 Mboe of total proved reserves and 14,196 Mboe of proved plus probable reserves located in the Netherlands; 6,710 Mboe of total proved reserves and 10,260 Mboe of proved plus probable reserves situated in Germany; 17,655 Mboe of total proved reserves and 24,106 Mboe of proved plus probable reserves located in Ireland; 12,534 Mboe of total proved reserves and 17,983 Mboe of proved plus probable reserves located in Australia; and 500 Mboe of total proved reserves and 2,129 Mboe of proved plus probable reserves located in the United States. 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$528.8K
President and Chief Operating Officer
Total Annual Compensation: C$418.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$336.3K
Executive Vice President of People and Cultur...
Total Annual Compensation: C$286.3K
Executive Vice President of Business Developm...
Total Annual Compensation: C$320.9K
Compensation as of Fiscal Year 2014.

vermilion energy inc (VET) Key Developments

Vermilion Energy Inc. Announces Cash Dividend, Payable on September 15, 2015

Vermilion Energy Inc. announced a cash dividend of CAD 0.215 per share payable on September 15, 2015 to all shareholders of record on August 24, 2015. The ex-dividend date for this payment is August 20, 2015.

Vermilion Energy Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Capital Expenditure Guidance and Reaffirms Production Guidance for the Full Year 2015

Vermilion Energy Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported petroleum and natural gas revenue of CAD 248.220 million compared to CAD 358.671 million, earnings before income taxes of CAD 24.398 million compared to CAD 107.178 million, net earnings of CAD 6.813 million or CAD 0.06 per diluted share compared to CAD 53.993 million or CAD 0.50 per diluted share, cash flows from operating activities of CAD 134.668 million compared to CAD 149.592 million and drilling and development of CAD 90.173 million compared to CAD 117.975 million. For the six months, the company reported petroleum and natural gas revenue of CAD 427.681 million compared to CAD 715.830 million, earnings before income taxes of CAD 24.422 million compared to CAD 275.428 million, net earnings of CAD 8.088 million or CAD 0.07 per diluted share compared to CAD 156.781 million or CAD 1.49 per diluted share, cash flows from operating activities of CAD 157.315 million compared to CAD 327.830 million and drilling and development of CAD 264.484 million compared to CAD 286.815 million. Net debt as on June 30, 2015 was CAD 1,168.998 million compared to CAD 1,377.902 million as on June 30, 2014. Net earnings for the three and six months ended June 30, 2015 decreased by CAD 47.2 million and CAD 148.7 million, respectively, versus the comparative periods in 2014. These decreases were driven primarily by lower petroleum and natural gas sales as a result of lower commodity prices, and were partially offset by decreases in royalties and taxes. In the six months ended June 30, 2015, the decrease in net earnings was also minimized by the recovery of costs in France recognized in first quarter of 2015. Cash flows from operating activities decreased by 10% and 52% for the three and six months ended June 30, 2015, respectively, versus the comparable periods in 2014. The decreases primarily related to lower sales due to lower commodity prices, partially offset by timing differences pertaining to working capital, foreign exchange gains and lower royalties. For the quarter, the company announced total production of 51,831 boe/d compared to 52,089 boe/d in last year. For the six months, the company announced total production of 51,113 boe/d compared to 49,398 boe/d in last year. On August 10, 2015 the company announced an increase in capital expenditure guidance for the year 2015 of CAD 70 million to CAD 485 million following the reinstatement of the Australian drilling campaign as well as additional funding for projects in Canada, France and Ireland. The company maintaining previous full year 2015 production guidance of 55,000-57,000 boe/d, albeit towards the lower end of guidance range due to later-than-originally expected first gas from Corrib.

Vermilion Energy Seeks Acquisitions

Vermilion Energy Inc. (TSX:VET) is looking for acquisitions. The company said, "We remain confident that the assets in our portfolio can support organic growth for future years, 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. Our long-term focus on the creation of real value through our technical capabilities, combined with our conservative financial approach and patience, should allow us to compete and transact for the benefit of our existing shareholders if suitable opportunities arise."

 

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Industry Analysis

VET

Industry Average

Valuation VET Industry Range
Price/Earnings 38.6x
Price/Sales 4.6x
Price/Book 2.4x
Price/Cash Flow 8.6x
TEV/Sales 3.1x
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