Vermilion Energy (VET – Free Report) shares rallied 21.2% in the last trading session to close at $6.58. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock’s 29.9% loss over the past four weeks.
Vermilion Energy is a Canadian-based oil and gas exploration and production company with operations in North America, Europe, and Australia. The company benefited from a stock price increase as part of the broader energy sector boost triggered by President Trump’s decision to pause tariff hikes and implement a lower 10% tariff rate for many countries. This move eased concerns over trade tensions and resulted in a sharp increase in oil and natural gas prices. As an energy producer, Vermilion Energy saw the positive effects of these market changes reflected in its stock performance.
This oil and natural gas explorer is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of +2200%. Revenues are expected to be $404.3 million, up 7.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Vermilion, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock’s price usually doesn’t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VET going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
Vermilion is part of the Zacks Oil and Gas – Exploration and Production – International industry. Vaalco Energy (EGY – Free Report) , another stock in the same industry, closed the last trading session 10.7% higher at $3.43. EGY has returned -20.7% in the past month.
Vaalco Energy’s consensus EPS estimate for the upcoming report has changed -60% over the past month to $0.08. Compared to the company’s year-ago EPS, this represents a change of +33.3%. Vaalco Energy currently boasts a Zacks Rank of #4 (Sell).
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