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

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Atb Cap Markets dropped their Q1 2024 earnings per share (EPS) estimates for Vermilion Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas company will post earnings of $0.91 per share for the quarter, down from their prior 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.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $384.17 million for the quarter, compared to analysts’ expectations of $442.92 million.

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

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $12.02 on Tuesday. The stock has a market cap of $1.92 billion, a PE ratio of -10.82 and a beta of 2.04. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $11.65 and its two-hundred day moving average price is $12.20. Vermilion Energy has a 12-month low of $9.81 and a 12-month high of $15.98.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of Vermilion Energy by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock worth $52,441,000 after acquiring an additional 346,826 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vermilion Energy by 88.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 194,483 shares of the oil and gas company’s stock worth $2,858,000 after acquiring an additional 91,526 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vermilion Energy by 1.4% in the third quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock worth $84,183,000 after acquiring an additional 81,497 shares during the period. Boston Partners acquired a new position in shares of Vermilion Energy in the third quarter worth approximately $6,210,000. Finally, Causeway Capital Management LLC acquired a new position in shares of Vermilion Energy in the third quarter worth approximately $2,782,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Increases Dividend

The company 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 a boost from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Wednesday, March 27th. Vermilion Energy’s payout ratio is -26.13%.

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.