TSE:VET FY2024 EPS Forecast Reduced by Atb Cap Markets

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Atb Cap Markets lowered their FY2024 EPS estimates for Vermilion Energy in a research note issued on Thursday, February 13th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.42 for the year, down from their previous estimate of $0.45. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.40 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2024 earnings at $0.62 EPS.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Monday, December 30th. TD Securities dropped their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. National Bankshares raised their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Canaccord Genuity Group dropped their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Finally, ATB Capital dropped their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$17.94.

Vermilion Energy Stock Performance

TSE:VET opened at C$12.77 on Monday. Vermilion Energy has a 12-month low of C$11.84 and a 12-month high of C$17.56. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The firm has a market capitalization of C$1.98 billion, a PE ratio of -2.40, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The firm has a 50-day moving average price of C$13.66 and a 200 day moving average price of C$13.62.

Insider Activity

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of Vermilion Energy stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is owned by company insiders.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.