Atb Cap Markets Comments on Vermilion Energy Inc.’s Q1 2024 Earnings (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Atb Cap Markets decreased their Q1 2024 earnings per share estimates for Vermilion Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the oil and gas company will post earnings per share of $0.91 for the quarter, down from their prior estimate 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.

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

Separately, TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Vermilion Energy Trading Down 0.2 %

Shares of VET stock opened at $11.84 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $12.20. Vermilion Energy has a 12 month low of $9.81 and a 12 month high of $15.98.

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors have recently modified their holdings of VET. Ameriprise Financial Inc. lifted its holdings in Vermilion Energy by 10.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock worth $52,441,000 after buying an additional 346,826 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vermilion Energy by 88.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 194,483 shares of the oil and gas company’s stock valued at $2,858,000 after acquiring an additional 91,526 shares in the last quarter. Vanguard Group Inc. lifted its stake in Vermilion Energy by 1.4% during the third quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock worth $84,183,000 after purchasing an additional 81,497 shares during the last quarter. Boston Partners bought a new stake in Vermilion Energy during the third quarter valued at $6,210,000. Finally, Causeway Capital Management LLC acquired a new stake in shares of Vermilion Energy during the third quarter worth $2,782,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.0888 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 3.00%. The ex-dividend date was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio (DPR) is currently -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.