Q2 2024 EPS Estimates for Vermilion Energy Inc. (TSE:VET) Cut by Atb Cap Markets

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Atb Cap Markets cut their Q2 2024 earnings estimates for shares of Vermilion Energy in a research note issued on Thursday, May 2nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.75 per share for the quarter, down from their previous forecast of $0.79. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.77 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s FY2025 earnings at $3.39 EPS.

A number of other research analysts have also weighed in on VET. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from C$18.00 to C$20.00 in a research note on Wednesday, March 27th. Desjardins boosted their price objective on Vermilion Energy from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. cut their target price on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating for the company in a research note on Friday, March 8th. CIBC lowered their price target on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, ATB Capital cut 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 report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and an average target price of C$21.54.

Vermilion Energy Trading Up 0.5 %

Shares of Vermilion Energy stock opened at C$16.14 on Monday. Vermilion Energy has a twelve month low of C$13.30 and a twelve month high of C$21.60. The firm’s 50-day moving average price is C$16.13 and its 200 day moving average price is C$16.34. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93. The firm has a market capitalization of C$2.60 billion, a PE ratio of -11.13, a P/E/G ratio of -0.02 and a beta of 2.72.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.59. The firm had revenue of C$522.97 million for 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%.

Insider Buying and Selling

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of C$16.10 per share, with a total value of C$48,300.00. In other Vermilion Energy news, Director Robert B. Michaleski bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. Also, Director Myron Maurice Stadnyk purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. 0.15% of the stock is currently owned by insiders.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, June 28th. Vermilion Energy’s dividend payout ratio is currently -33.10%.

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.