Vermilion Energy Inc. (NYSE:VET) 2Q20 Earnings Sneak Preview

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Vermilion Energy Inc. (NYSE:VET) is set to announce second quarter earning results on Monday 27th July 2020, before market open.

Previous Quarter Performance

Vermilion Energy Inc. revealed for the first quarter of per share, from the revenue of $ 245.01 million. The quarterly revenues compared with the same quarter last year. Street analysts expected Vermilion Energy Inc. to report income of $ 0.11 per share on revenue of $ 225.21 million for the first quarter. The bottom line results missed street analysts by $ 0.12 or 109.09 percent, at the same time, top line results outshined analysts by $ 19.80 million or 8.79 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of Vermilion Energy Inc.

Stock Performance

According to the previous trading day, closing price of VET was $ 4.72, representing a 214.67 % increase from the 52 week low of $ 1.50 and a 74.5 % decrease over the 52 week high of $ 18.51.

The company has a market capital of $ 738.54 million and is part of the Energy sector and Oil & Gas E&P industry.

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Vermilion Energy Inc. acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.