Q1 2024 EPS Estimates for Vermilion Energy Inc. Reduced by Analyst (TSE:VET)

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Equities research analysts at Atb Cap Markets dropped their Q1 2024 earnings estimates for Vermilion Energy in a research 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 previous 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.

A number of other equities research analysts have also recently weighed in on VET. JPMorgan Chase & Co. dropped their price target on shares of Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a research report on Friday, March 8th. Royal Bank of Canada lifted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research report on Tuesday, April 9th. Raymond James dropped their price target on shares of Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. ATB Capital dropped their price target on shares of Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Finally, Canaccord Genuity Group lifted their price target on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$21.54.

Vermilion Energy Price Performance

Vermilion Energy stock opened at C$16.42 on Wednesday. Vermilion Energy has a 12-month low of C$13.30 and a 12-month high of C$21.60. The stock has a market cap of C$2.66 billion, a P/E ratio of -11.32, a PEG ratio of -0.02 and a beta of 2.71. The company has a 50-day moving average price of C$15.86 and a 200 day moving average price of C$16.52. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93.

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

Insider Activity

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the firm’s stock in a transaction that occurred 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. In related news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of Vermilion Energy stock in a transaction that occurred 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. Also, Director Robert B. Michaleski purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of C$14.94 per share, with a total value of C$149,400.00. 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. Stockholders of record on Thursday, March 28th were paid a $0.12 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.92%. Vermilion Energy’s dividend payout ratio (DPR) is presently -33.10%.

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.