Q1 2024 EPS Estimates for Vermilion Energy Inc. Lowered by Analyst (TSE:VET)

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Stock analysts at Atb Cap Markets reduced their Q1 2024 EPS estimates for shares of Vermilion Energy in a research report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $1.25 per share for the quarter, down from their previous estimate of $1.51. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.87 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.89 EPS, FY2024 earnings at $3.72 EPS, FY2025 earnings at $3.53 EPS and FY2026 earnings at $2.78 EPS.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. The company had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million.

VET has been the topic of several other reports. Royal Bank of Canada increased their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Canaccord Genuity Group increased their price target on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a report on Wednesday, April 17th. Desjardins increased their price target on shares of Vermilion Energy from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Tuesday. ATB Capital lowered their price target on shares of Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th. Finally, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$21.54.

Vermilion Energy Price Performance

Shares of VET stock opened at C$16.21 on Wednesday. The firm has a market capitalization of C$2.63 billion, a price-to-earnings ratio of -11.18, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. Vermilion Energy has a 12-month low of C$13.30 and a 12-month high of C$21.60. The firm has a fifty day moving average of C$15.91 and a 200-day moving average of C$16.52.

Insider Buying and Selling

In other news, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average price of C$14.94 per share, with a total value of C$149,400.00. In related news, Director Robert B. Michaleski acquired 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of C$14.94 per share, for a total transaction of C$149,400.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total transaction of C$825,000.00. 0.15% of the stock is owned by insiders.

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 paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.96%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s dividend payout ratio (DPR) is presently -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.