Q1 2024 Earnings Forecast for Vermilion Energy Inc. (TSE:VET) Issued By Atb Cap Markets

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Equities research analysts at Atb Cap Markets lowered their Q1 2024 earnings estimates for shares of Vermilion Energy in a report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $1.25 for the quarter, down from their prior estimate of $1.51. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.87 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.89 EPS, FY2024 earnings at $3.72 EPS, FY2025 earnings at $3.53 EPS and FY2026 earnings at $2.78 EPS.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The company had revenue of C$522.97 million for the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%.

A number of other brokerages have also weighed in on VET. JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a report on Friday, March 8th. Royal Bank of Canada raised their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Canaccord Genuity Group raised their price objective on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a report on Wednesday, April 17th. National Bankshares raised their price objective on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Finally, CIBC reduced their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$21.54.

Vermilion Energy Price Performance

Vermilion Energy stock opened at C$16.45 on Wednesday. The firm has a market cap of C$2.67 billion, a PE ratio of -11.34, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 52-week low of C$13.30 and a 52-week high of C$21.60. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. The company’s 50 day moving average is C$15.94 and its two-hundred day moving average is C$16.52.

Insider Activity

In other news, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of C$14.94 per share, with a total value of C$149,400.00. In related news, Director Robert B. Michaleski acquired 10,000 shares of Vermilion Energy stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. Also, Director Myron Maurice Stadnyk acquired 3,000 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$16.10 per share, with a total value of C$48,300.00. Insiders own 0.15% of the company’s stock.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 2.92%. The ex-dividend date was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.10%.

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.