Atb Cap Markets Analysts Lower Earnings Estimates for Vermilion Energy Inc. (TSE:VET)

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Equities researchers at Atb Cap Markets cut their Q2 2024 earnings per share (EPS) estimates for shares of Vermilion Energy in a report issued on Thursday, May 2nd. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.75 per share for the quarter, down from their prior forecast of $0.79. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.77 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s FY2025 earnings at $3.39 EPS.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.59. The company had revenue of C$522.97 million during 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%.

Other equities research analysts also recently issued reports about the company. ATB Capital lowered their price target on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Stifel Nicolaus raised their price target on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada boosted their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a research report on Tuesday, April 9th. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from C$18.00 to C$20.00 in a report on Wednesday, March 27th. Finally, National Bankshares upped their target price on Vermilion Energy from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$21.54.

Vermilion Energy Trading Up 1.4 %

Shares of TSE VET opened at C$16.36 on Monday. 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 stock’s 50 day moving average price is C$16.13 and its two-hundred day moving average price is C$16.31. Vermilion Energy has a 52-week low of C$13.30 and a 52-week high of C$21.60. The stock has a market capitalization of C$2.63 billion, a P/E ratio of -11.13, a PEG ratio of -0.02 and a beta of 2.72.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.93%. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.10%.

Insider Activity

In related news, Director Robert B. Michaleski purchased 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. In other Vermilion Energy news, Director Robert B. Michaleski purchased 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were purchased at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. Corporate insiders own 0.15% of the company’s stock.

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.