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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Equities researchers at Atb Cap Markets reduced their Q1 2024 EPS estimates for shares of 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 prior forecast 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 issued its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The business had revenue of C$522.97 million during the quarter, compared to analysts’ expectations 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 analysts also recently issued reports about the stock. Canaccord Genuity Group upped 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 report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target 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. National Bankshares upped their price target 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. Desjardins upped their price target on shares of Vermilion Energy from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the company a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$21.54.

Vermilion Energy Stock Performance

Shares of TSE:VET opened at C$16.42 on Wednesday. The company has a market capitalization of C$2.66 billion, a price-to-earnings ratio of -11.32, a PEG ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60. The firm’s 50-day moving average is C$15.86 and its 200 day moving average is 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 Increases Dividend

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

Insider Transactions at Vermilion Energy

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’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 other news, Director Myron Maurice Stadnyk acquired 3,000 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$16.10 per share, for a total transaction of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. Corporate insiders own 0.15% of the company’s stock.

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.