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

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Atb Cap Markets dropped their Q3 2024 earnings per share (EPS) estimates for Vermilion Energy in a research report issued to clients and investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will earn $0.57 per share for the quarter, down from their previous forecast 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.

Separately, TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a report 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Vermilion Energy Price Performance

Vermilion Energy stock opened at $12.02 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.10. The business’s fifty day simple moving average is $11.65 and its two-hundred day simple moving average is $12.20. Vermilion Energy has a 12 month low of $9.81 and a 12 month high of $15.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its 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. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%. The business had revenue of $384.17 million for the quarter, compared to the consensus estimate of $442.92 million.

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 issued a dividend of $0.0888 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Wednesday, March 27th. Vermilion Energy’s dividend payout ratio is presently -26.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. increased its position in Vermilion Energy by 40.3% during the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 1,932 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Vermilion Energy in the fourth quarter worth about $84,000. Bank of Nova Scotia Trust Co. purchased a new stake in Vermilion Energy in the third quarter worth about $147,000. Moody Aldrich Partners LLC purchased a new stake in Vermilion Energy in the third quarter worth about $157,000. Finally, AGF Management Ltd. purchased a new stake in Vermilion Energy in the fourth quarter worth about $143,000. 31.91% of the stock is owned by institutional investors.

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.