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Last C$52.69 CAD
Change Today -0.32 / -0.60%
Volume 498.8K
VET On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:00 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

vermilion energy inc (VET) Snapshot

Open
C$52.86
Previous Close
C$53.01
Day High
C$53.43
Day Low
C$52.03
52 Week High
06/20/14 - C$78.24
52 Week Low
12/10/14 - C$44.03
Market Cap
5.7B
Average Volume 10 Days
441.8K
EPS TTM
C$1.16
Shares Outstanding
107.7M
EX-Date
05/20/15
P/E TM
45.4x
Dividend
C$2.58
Dividend Yield
4.90%
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 June 15, 2015

Vermilion Energy Inc. announced a cash dividend of CND 0.215 per share payable on June 15, 2015 to all shareholders of record on May 22, 2015. The ex-dividend date for this payment is May 20, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Vermilion Energy Inc. Reports Unaudited Consolidated Operating and Unaudited Financial Results for the First Quarter Ended March 31, 2015; Revises Capital Expenditure Guidance and Reaffirms Production Guidance for the Full Year of 2015

Vermilion Energy Inc. reported unaudited consolidated operating and unaudited financial results for the first quarter ended March 31, 2015. Achieved average production of 50,386 boe/d during the first quarter of 2015, an increase of 2% as compared to 49,571 boe/d in the prior quarter, and 8% versus 46,677 boe/d during the first quarter of 2014. Production increased in Canada, France and the Netherlands from the previous quarter due to successful drilling, workover and tie-in activity, more than offsetting mid-stream restrictions in Canada and modest decreases in production in other business units. The company continues to manage Australian production to maximize proceeds during this period of lower oil prices. The company reported petroleum and natural gas revenue of CAD 179,461,000 compared to CAD 357,159,000 a year ago. Earnings before income taxes were CAD 24,000 compared to CAD 168,250,000 a year ago. Net earnings were CAD 1,275,000 or CAD 0.01 per basic and diluted share, compared to CAD 102,788,000 or CAD 0.99 per diluted share, a year ago. Cash flows from operating activities were CAD 22,647,000 compared to CAD 178,238,000 a year ago. Drilling and development was CAD 174,311,000 compared to CAD 168,840,000 a year ago. Property acquisitions were CAD 35,000 compared to CAD 178,227,000 a year ago. Net debt was CAD 1,388,603,000 compared to CAD 966,310,000 a year ago. Fund flows from operations were CAD 120,795,000 or CAD 1.11 per diluted share, compared to CAD 205,363,000 or CAD 1.97 per diluted share, a year ago. The decrease in FFO was attributable to lower commodity prices and inventory builds (due to the timing of crude liftings in France and Australia), partially offset by lower operating expenses from the company's ongoing cost reduction program and a recovery of costs in France. The revised capital expenditure guidance and reaffirmed production guidance for the full year of 2015. The company first issued 2015 capital expenditure guidance of CAD 525 million on December 8, 2014. The company subsequently adjusted its 2015 capital expenditure guidance to CAD 415 million on February 27, 2015, in response to the continued weakness in commodity prices. The CAD 110 million reductions in capital reflects lower planned activity levels, including the deferral of the company's Australian drilling campaign. Despite the reduction in the company’s capital budget, the company is maintaining its previous production guidance of 55,000 boe/d to 57,000 boe/d.

Vermilion Energy Seeks Acquisitions

Vermilion Energy Inc. (TSX:VET) is actively looking to buy assets or smaller companies in Europe, specifically, in Germany and the Netherlands, and boost its production there.

 

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Industry Analysis

VET

Industry Average

Valuation VET Industry Range
Price/Earnings 34.9x
Price/Sales 5.1x
Price/Book 3.0x
Price/Cash Flow 9.9x
TEV/Sales 3.8x
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