Q3 2024 EPS Estimates for Vermilion Energy Inc. (NYSE:VET) Cut by Atb Cap Markets

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Equities research analysts at Atb Cap Markets decreased their Q3 2024 earnings per share estimates for shares of Vermilion Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will post earnings of $0.57 per share for the quarter, down from their previous estimate of $0.62. 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 FY2024 earnings at $2.71 EPS.

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

Separately, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Two equities research 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 a consensus price target of $25.00.

Vermilion Energy Stock Up 1.5 %

Shares of NYSE:VET opened at $12.02 on Wednesday. The business’s 50-day moving average is $11.65 and its 200 day moving average is $12.20. Vermilion Energy has a 1 year low of $9.81 and a 1 year high of $15.98. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

Institutional Trading of Vermilion Energy

Several large investors have recently added to or reduced their stakes in VET. Mackenzie Financial Corp grew its stake in Vermilion Energy by 142.2% during the 3rd quarter. Mackenzie Financial Corp now owns 1,143,134 shares of the oil and gas company’s stock valued at $15,699,000 after purchasing an additional 671,228 shares during the last quarter. Boston Partners purchased a new stake in Vermilion Energy during the 3rd quarter valued at about $6,210,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Vermilion Energy by 62.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,029,095 shares of the oil and gas company’s stock valued at $15,054,000 after purchasing an additional 397,495 shares during the last quarter. Foundry Partners LLC purchased a new stake in Vermilion Energy during the 3rd quarter valued at about $5,311,000. Finally, Ameriprise Financial Inc. grew its stake 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 valued at $52,441,000 after purchasing an additional 346,826 shares during the last quarter. Hedge funds and other 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. Shareholders of record on Thursday, March 28th were paid a dividend of $0.0888 per share. This represents a $0.36 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s payout ratio is presently -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.