VET.TO - Vermilion Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
6.04
-0.13 (-2.11%)
At close: 3:54PM EDT
Stock chart is not supported by your current browser
Previous Close6.17
Open6.14
Bid6.04 x N/A
Ask6.05 x N/A
Day's Range6.02 - 6.14
52 Week Range2.20 - 29.19
Volume729,771
Avg. Volume3,097,166
Market Cap948.28M
Beta (5Y Monthly)3.27
PE Ratio (TTM)N/A
EPS (TTM)-8.52
Earnings DateJul. 27, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 30, 2020
1y Target Est7.92
  • 3 Stocks To Avoid for the Next 12 Months
    The Motley Fool

    3 Stocks To Avoid for the Next 12 Months

    Major tailwinds put these three companies on my list of stocks that I do not currently recommend: Air Canada (TSX:AC), H&R REIT (TSX:HR.UN) and Vermilion Energy (TSX:VET)(NYSE:VET).The post 3 Stocks To Avoid for the Next 12 Months appeared first on The Motley Fool Canada.

  • 15 Energy Stocks That Cut the Dividend in Q1
    The Motley Fool

    15 Energy Stocks That Cut the Dividend in Q1

    Vermilion Energy (TSX:VET)(NYSE:VET), Inter Pipeline (TSX:IPL), and Whitecap Resources (TSX:WCP) were among the 15 energy stock to cut the dividend in Q1. Are they buys?The post 15 Energy Stocks That Cut the Dividend in Q1 appeared first on The Motley Fool Canada.

  • Stop Making This Common Dividend Mistake
    The Motley Fool

    Stop Making This Common Dividend Mistake

    Why choosing Canadian National Railway (TSX:CNR)(NYSE:CNI) and Fortis (TSX:FTS)(NYSE:FTS) can boost your dividend returns.The post Stop Making This Common Dividend Mistake appeared first on The Motley Fool Canada.

  • WARNING: 2 Mistakes You Should Avoid When Buying Dividend Stocks
    The Motley Fool

    WARNING: 2 Mistakes You Should Avoid When Buying Dividend Stocks

    Investors of American Hotel Income Properties REIT LP (TSX:HOT.UN) shouldn't be surprised that the company stopped paying a dividend.The post WARNING: 2 Mistakes You Should Avoid When Buying Dividend Stocks appeared first on The Motley Fool Canada.

  • Oil Rally: 2 Energy Stocks to Consider This Summer
    The Motley Fool

    Oil Rally: 2 Energy Stocks to Consider This Summer

    Oil and gas has bounced back in response to OPEC policy and rising demand, which could boost energy stocks like Shawcor Ltd. (TSX:SCL) for the rest of 2020.The post Oil Rally: 2 Energy Stocks to Consider This Summer appeared first on The Motley Fool Canada.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,075.42, up 161.78 points.)HEXO Corp. (TSX:HEXO). Health care. Up 21 cents, or 23.86 per cent, to $1.09 cents on 22.3 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 9.5 cents, or 19.59 per cent, to 58 cents on 10.2 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at 49.5 cents on 6.8 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Down one cent, or 6.25 per cent, to 15 cents on 5.9 million shares.Freegold Ventures Ltd. (TSX:FVL). Materials. Up six cents or 13.04 per cent, to 52 cents on 5.2 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 19 cents, or 0.43 per cent, to $44.16 on 4.9 million shares.Companies in the news:Transat AT (TSX:TRZ). Down 57 cents or 7.6 per cent to $6.96. Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices. The Montreal-based tour company that owns Air Transat said it informed Air Canada of its decision to delay the transaction date by one month until July 27 following the European Commission's extension to conduct a Phase 2 review. A preliminary European Commission investigation said it is worried the proposed deal could significantly reduce competition on 33 origin and destination city pairs between Europe and Canada.Vermilion Energy Inc. (TSX:VET). Down 25 cents or 3.5 per cent to $6.90. Shares in Vermilion Energy Inc. traded lower on Monday after the company announced the unexpected, immediate departure of its president and CEO Anthony Marino and its decision to go forward without a chief executive. Company chairman and co-founder Lorenzo Donadeo, who was CEO from 2003 to 2016, has been named executive chairman and will head up an executive committee to operate the oil and gas producer, Vermilion said. Curtis Hicks, who served as Vermilion's chief financial officer from 2003 to 2018, has rejoined the company as president, it said.This report by The Canadian Press was first published May 25, 2020.The Canadian PressNote to readers: This is a corrected story. A previous version had an incorrect closing figure for the Toronto Stock Exhange

  • Vermilion Energy CEO leaves company, executive committee to take over role
    The Canadian Press

    Vermilion Energy CEO leaves company, executive committee to take over role

    CALGARY — Shares in Vermilion Energy Inc. traded lower on Monday after the company announced the unexpected, immediate departure of its president and CEO Anthony Marino and its decision to go forward without a chief executive.Company chairman and co-founder Lorenzo Donadeo, who was CEO from 2003 to 2016, has been named executive chairman and will head up an executive committee to operate the oil and gas producer, Vermilion said.Curtis Hicks, who served as Vermilion's chief financial officer from 2003 to 2018, has rejoined the company as president, it said."In these challenging times, Vermilion will redouble its focus on its core business principles that have served it well over its successful 26-year history," said Donadeo in a press release."These principles are based on a conservative, long-term focus on balance-sheet strength and capital discipline to generate strong returns."Vermilion has experienced and learned from several previous severe downturns, he said.Donadeo was not available for an interview, the company said.Analysts were supportive of the executive changes given the past experience of Donadeo and Hicks."We expect that once the dust settles, this will be viewed as a positive decision as Vermilion repositions itself as a relatively low-risk operator, backed by an asset portfolio that can provide shareholder returns through both the quality of the asset base and the dividend," said National Bank analyst Travis Wood in a report.Stifel FirstEnergy analyst Michael Dunn said, "we view the moves as a reflection of the board's desire to re-establish past principles (i.e. conservative balance sheet, key decision making by committee)."Marino earned $4.8 million in 2019, including $933,000 in base salary and $3.5 million in share-based awards, according to a company filing.Last month, Vermilion announced a $1.2-billion writedown in the value of its oil and gas assets due to low global commodity prices. About 60 per cent of its production comes from Canada but it also operates in countries including Australia, Ireland, the United States, Netherlands, Germany and France.It also trimmed $100 million from its 2020 capital spending budget and announced $35 million in other cuts to expenses.Oil prices have fallen dramatically over the past three months due to demand destruction from measures to fight the COVID-19 pandemic, as well as lingering effects of a market share battle between Russia and Saudi Arabia.Vermilion's shares traded as low as $6.85, down 4.2 per cent, Monday morning on the Toronto Stock Exchange. In the past year they've varied between $2.21 and $30.04.Vermilion said the company has used the executive committee structure in the past and that it has been re-established formally.The executive committee will include a minimum of five senior executives including the executive chairman, president and chief financial officer.This report by The Canadian Press was first published May 25, 2020.Companies in this story: (TSX:VET)Dan Healing, The Canadian Press

  • Vermilion Energy Inc. Announces CEO Departure and the Appointments of Executive Chairman and President
    CNW Group

    Vermilion Energy Inc. Announces CEO Departure and the Appointments of Executive Chairman and President

    CALGARY, May 25, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that Anthony Marino has stepped down as President and Chief Executive Officer and as a director of the Company, effective immediately. Mr. Marino made many contributions to Vermilion during his eight-year tenure with the Company, including various improvements to the cost structure and associated capital efficiencies. Vermilion's Board of Directors (the "Board") would like to thank Mr. Marino for his contributions to the Company.

  • Vermilion Energy Inc. (TSE:VET) Analysts Just Cut Their EPS Forecasts Substantially
    Simply Wall St.

    Vermilion Energy Inc. (TSE:VET) Analysts Just Cut Their EPS Forecasts Substantially

    One thing we could say about the analysts on Vermilion Energy Inc. (TSE:VET) - they aren't optimistic, having just...

  • Vermilion Energy Inc. Reports Voting Results of Election of Directors
    CNW Group

    Vermilion Energy Inc. Reports Voting Results of Election of Directors

    CALGARY , April 29, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to announce that at ...

  • Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown
    The Canadian Press

    Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown

    CALGARY — A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc., the energy producer announced Tuesday.The Calgary-based company, which operates in Canada, Australia, Ireland, the United States, Netherlands, Germany and France, cut its dividend in half in March and suspended it entirely in mid-April to cope with lower prices, saving about $420 million on an annual basis.It also trimmed $100 million from its 2020 capital spending budget and announced $35 million in other cuts to expenses."Certainly, (there has been) a dramatic impact on the global economy particularly felt in commodities and most of all, I would say, in the oil industry and as a result, it called for a number of changes to our plans," said CEO Tony Marino at Vermilion's virtual annual meeting of shareholders on Tuesday.Global oil prices have fallen dramatically over the past two months due to demand destruction from measures to fight the COVID-19 pandemic, as well as lingering effects of a market share battle between Russia and Saudi Arabia.Vermilion's loss compares with a net gain of $39.5 million or 26 cents per share in the first quarter of 2019.Analysts had expected a net loss of about $43 million or 14 cents, according to financial markets data firm Refinitiv.Vermilion reported production of about 97,150 barrels of oil equivalent in the first three months of 2020, down from 103,400 boe/d in the year-earlier period.About 75 per cent of the impairment charge was related to Vermilion's Canadian operations, which accounted for about 59,500 boe/d of its first quarter production.The company said it has had no direct production impacts from pandemic measures other than in its French operations where third-party services have been slowed by government confinement measures.Lower commodity prices were blamed for a drop in funds flow from operations to $170 million in the quarter ended March 31 from $254 million in the same period of 2019.Vermilion's shares closed up 51 cents or 9.75 per cent to $5.74 in Tuesday trading on the Toronto Stock Exchange.This report by The Canadian Press was first published April 28, 2020.Companies in this story: (TSX:VET)Dan Healing, The Canadian Press

  • Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2020
    CNW Group

    Vermilion Energy Inc. Announces Results for the Three Months Ended March 31, 2020

    CALGARY, April 28, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2020. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2020 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. The decrease is primarily due to significantly lower commodity prices that began to materialize midway through the quarter in response to the COVID-19 pandemic and oil price war that ensued in early March.

  • Market Rally: 3 Energy Stocks That Can Explode This Year
    The Motley Fool

    Market Rally: 3 Energy Stocks That Can Explode This Year

    Oversupply has killed oil producers, but there may be light at the end of the tunnel for energy stocks like Suncor Energy Inc. (TSX:SU)(NYSE:SU) this year.The post Market Rally: 3 Energy Stocks That Can Explode This Year appeared first on The Motley Fool Canada.

  • 1 Cheap Energy Stock That Sank From $14 to $4 in March
    The Motley Fool

    1 Cheap Energy Stock That Sank From $14 to $4 in March

    Vermilion’s stock value dropped by 70% last month. Given the current situation faced by the oil sector and transportation industry, the stock may take ages to recover.The post 1 Cheap Energy Stock That Sank From $14 to $4 in March appeared first on The Motley Fool Canada.

  • Canada Revenue Agency: How to Apply for the CERB
    The Motley Fool

    Canada Revenue Agency: How to Apply for the CERB

    Here's how you can apply for the latest benefit program. The post Canada Revenue Agency: How to Apply for the CERB appeared first on The Motley Fool Canada.

  • Vermilion Energy Inc. Confirms First Quarter 2020 Release and Annual General Meeting Date and Provides Virtual Meeting Details
    CNW Group

    Vermilion Energy Inc. Confirms First Quarter 2020 Release and Annual General Meeting Date and Provides Virtual Meeting Details

    CALGARY , April 21, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) will release its 2020 first quarter operating and condensed financial results on Tuesday, April 28, 2020 after the close of North American markets. The unaudited financial statements and management discussion and analysis for the first quarter ended March 31, 2020 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Please see our Virtual Meeting Guide at https://www.vermilionenergy.com/files/2020_Virtual_Meeting_Guide.pdf for detailed instructions on how to access the meeting, vote on resolutions and submit questions.

  • 2 TSX Stocks That Lost up to 25% Last Week
    The Motley Fool

    2 TSX Stocks That Lost up to 25% Last Week

    TSX energy stocks continued to trade lower in the last few weeks. We might see weakness intensifying in these energy stocks with continued pressure on oil.The post 2 TSX Stocks That Lost up to 25% Last Week appeared first on The Motley Fool Canada.

  • Baystreet

    Don’t Judge A Stock By Its Dividend History, Today

    In the Canadian oil patch, Vermilion Energy (TSX:VET)(NYSE:VET) is one of those producers that has previously ...

  • Income Investing: Dividend Cuts Are Accelerating
    The Motley Fool

    Income Investing: Dividend Cuts Are Accelerating

    Income investing is no longer the safe haven it once was. Even Canadian Dividend Aristocrats are cutting or suspending the dividend. The post Income Investing: Dividend Cuts Are Accelerating appeared first on The Motley Fool Canada.

  • No Respite for Vermilion Energy (TSX:VET) Investors
    The Motley Fool

    No Respite for Vermilion Energy (TSX:VET) Investors

    Vermilion Energy (TSX:VET)(NYSE:VET) announced the suspension of its dividends. The stock has already been in a free fall. What should one do now?The post No Respite for Vermilion Energy (TSX:VET) Investors appeared first on The Motley Fool Canada.

  • Vermilion, Surge added to list of energy producers that have slashed dividends
    The Canadian Press

    Vermilion, Surge added to list of energy producers that have slashed dividends

    CALGARY — Shares in Calgary-based Vermilion Energy Inc. and Surge Energy Inc. plunged on Wednesday after they announced the suspension of their dividend programs in response to persistently low oil prices.Vermilion shares on the Toronto Stock Exchange fell 19.1 per cent to $4.82 at midday trading while Surge tumbled 9.8 per cent to 23 cents per share.Both announced they will stop making shareholder payouts after previously reducing them.The two oil and gas companies said they were acting to protect their balance sheets as oil prices remain under pressure due to worldwide demand destruction caused by measures to fight the COVID-19 pandemic, as well as lingering effects of a market share battle between Russia and Saudi Arabia.The decisions come despite an agreement struck last weekend by OPEC and other producers to cut output by about 9.7 million barrels per day starting in May — an amount analysts say is not sufficient to account for lower demand.Analyst Michael Dunn of Stifel FirstEnergy said Vermilion's move, while not entirely surprising, would likely disappoint investors who have been attracted by its record of reliable dividend payments.Vermilion said that since the beginning of March its annualized cash outlays for capital spending and dividends have now been reduced by about $520 million.Vermilion, which has Canadian and international oil and gas production, says it has also identified approximately $30 million of additional opportunities to reduce cash spending.Surge, meanwhile, says it is withdrawing its 2020 guidance for nearly $100 million in capital spending this year after spending about $34 million in the first quarter.It added it will temporarily curtail up to 4,400 barrels of oil equivalent per day of lower profitability production to maximize corporate cash flows.It reported production of about 21,000 boe/d in March, prior to implementing the volume cuts, and said it will be able to ramp up output quickly when market conditions change.National Bank analyst Dan Payne applauded Surge's initiative as "extremely prudent" and needed to support its asset value and liquidity in a challenging environment.Other energy companies that have recently reduced dividends include Cenovus Energy Inc., TORC Oil & Gas Ltd., PrairieSky Royalty Ltd., Whitecap Resources Inc. and ARC Resources Ltd.The S&P/TSX Capped Energy Index, which tracks market performance of Canada's top energy companies, was down by as much as eight per cent on Wednesday as U.S. benchmark West Texas Intermediate crude dropped below US$20 per barrel.This report by The Canadian Press was first published April 15, 2020.Companies in this story: (TSX:VET, TSX:SGY, TSX:WCP, TSX:CVE, TSX:ARX, TSX:TOG) Dan Healing, The Canadian Press

  • Baystreet

    Stocks Tumble by Noon

    Stocks in Canada’s biggest centre fell on Wednesday after data showed the domestic economy shrank a ...

  • Vermilion Energy Inc. Announces Suspension of Monthly Dividend
    CNW Group

    Vermilion Energy Inc. Announces Suspension of Monthly Dividend

    CALGARY, April 15, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that its Board of Directors has suspended our monthly dividend until further notice. Following the release of our revised 2020 capital budget and announced dividend reduction, we have witnessed further deterioration in near-term commodity prices as a result of the COVID-19 pandemic and resulting oil demand destruction. As we have previously stated, we are attuned to evolving business conditions and are prepared to make further adjustments to all forms of cash outlays to protect Vermilion's financial position.

  • How Should Investors React To Vermilion Energy Inc.'s (TSE:VET) CEO Pay?
    Simply Wall St.

    How Should Investors React To Vermilion Energy Inc.'s (TSE:VET) CEO Pay?

    In 2016 Tony Marino was appointed CEO of Vermilion Energy Inc. (TSE:VET). First, this article will compare CEO...

  • CNW Group

    IIROC Trade Resumption - VET

    TORONTO , April 2, 2020 /CNW/ - Trading resumes in: Company: Vermilion Energy Inc. TSX Symbol: VET Resumption (ET): 10:56:29 AM IIROC can make a decision to impose a temporary suspension (halt) of trading ...