Q1 2024 EPS Estimates for Vermilion Energy Inc. (NYSE:VET) Decreased by Atb Cap Markets

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Equities research analysts at Atb Cap Markets cut their Q1 2024 earnings estimates for Vermilion Energy in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the oil and gas company will earn $0.91 per share for the quarter, down from their previous forecast of $1.12. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.94 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q2 2024 earnings at $0.58 EPS, Q4 2024 earnings at $0.65 EPS, FY2025 earnings at $2.57 EPS, FY2026 earnings at $2.03 EPS, FY2027 earnings at $2.06 EPS and FY2028 earnings at $2.06 EPS.

Separately, TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Vermilion Energy Stock Performance

Shares of VET opened at $11.84 on Tuesday. The company has a market capitalization of $1.89 billion, a PE ratio of -10.66 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. The company’s 50 day moving average price is $11.68 and its 200 day moving average price is $12.19. Vermilion Energy has a 52 week low of $9.81 and a 52 week high of $15.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.42. The company had revenue of $384.17 million for the quarter, compared to the consensus estimate of $442.92 million. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%.

Institutional Investors Weigh In On Vermilion Energy

Large investors have recently made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $84,000. Citigroup Inc. grew its stake in shares of Vermilion Energy by 40.3% in the 3rd quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,932 shares in the last quarter. AGF Management Ltd. bought a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $143,000. Bank of Nova Scotia Trust Co. bought a new stake in Vermilion Energy during the third quarter worth approximately $147,000. Finally, Moody Aldrich Partners LLC bought a new stake in Vermilion Energy during the third quarter worth approximately $157,000. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.0888 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.00%. Vermilion Energy’s dividend payout ratio (DPR) is -26.13%.

About Vermilion Energy

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.