Atb Cap Markets Cuts Earnings Estimates for Vermilion Energy

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Investment analysts at Atb Cap Markets reduced their FY2024 earnings estimates for shares of Vermilion Energy in a research report issued to clients and investors on Thursday, December 19th. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will post earnings of $0.32 per share for the year, down from their previous estimate of $0.33. The consensus estimate for Vermilion Energy’s current full-year earnings is $0.25 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2024 earnings at $0.45 EPS, Q3 2025 earnings at $0.26 EPS and Q4 2025 earnings at $0.32 EPS.

Separately, BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th.

Vermilion Energy Price Performance

Shares of VET stock opened at $9.12 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. The company has a market capitalization of $1.42 billion, a PE ratio of -2.44 and a beta of 1.99. The firm’s 50-day moving average is $9.72 and its two-hundred day moving average is $10.12. Vermilion Energy has a 12 month low of $8.22 and a 12 month high of $12.94.

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors have recently made changes to their positions in VET. EverSource Wealth Advisors LLC boosted its position in shares of Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $41,000 after buying an additional 3,674 shares during the period. Net Worth Advisory Group purchased a new position in Vermilion Energy during the 3rd quarter valued at about $115,000. Marshall Wace LLP acquired a new position in Vermilion Energy in the 2nd quarter valued at about $122,000. Blue Trust Inc. increased its stake in Vermilion Energy by 601.9% during the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 12,002 shares during the period. Finally, Aigen Investment Management LP lifted its position in shares of Vermilion Energy by 29.8% during the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock worth $265,000 after purchasing an additional 6,229 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. The ex-dividend date is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.90%. Vermilion Energy’s dividend payout ratio is currently -9.36%.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.