Q1 2024 EPS Estimates for Vermilion Energy Inc. (NYSE:VET) Decreased by Atb Cap Markets

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Research analysts at Atb Cap Markets reduced their Q1 2024 earnings estimates for shares of Vermilion Energy in a research note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will earn $0.91 per share for the quarter, down from their previous forecast 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.

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

Vermilion Energy Stock Down 1.4 %

Shares of Vermilion Energy stock opened at $11.84 on Tuesday. The company has a market cap of $1.89 billion, a P/E ratio of -10.66 and a beta of 2.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. Vermilion Energy has a one year low of $9.81 and a one year high of $15.98. The firm has a fifty day moving average of $11.68 and a two-hundred day moving average of $12.19.

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

Hedge Funds Weigh In On Vermilion Energy

A number of large investors have recently made changes to their positions in VET. Vanguard Group Inc. increased its holdings in Vermilion Energy by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock valued at $84,183,000 after acquiring an additional 81,497 shares in the last quarter. Ameriprise Financial Inc. increased 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 valued at $52,441,000 after acquiring an additional 346,826 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Vermilion Energy by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,786,251 shares of the oil and gas company’s stock valued at $33,602,000 after acquiring an additional 265,611 shares in the last quarter. Bank of Nova Scotia increased its holdings in Vermilion Energy by 0.7% during the 3rd quarter. Bank of Nova Scotia now owns 2,563,572 shares of the oil and gas company’s stock valued at $37,503,000 after acquiring an additional 19,022 shares in the last quarter. Finally, Intact Investment Management Inc. increased its holdings in Vermilion Energy by 36.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock valued at $13,835,000 after acquiring an additional 307,200 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0888 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.00%. 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 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.