Vermilion Energy Inc. to Post Q3 2024 Earnings of $0.57 Per Share, Atb Cap Markets Forecasts (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Equities research analysts at Atb Cap Markets cut their Q3 2024 EPS estimates for Vermilion Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the oil and gas company will post earnings per share of $0.57 for the quarter, down from their previous estimate of $0.62. 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 FY2024 earnings at $2.71 EPS.

Separately, TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on 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

VET stock opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18. The stock has a market cap of $1.89 billion, a P/E ratio of -10.66 and a beta of 2.04. The firm has a 50 day simple moving average of $11.68 and a 200 day simple moving average of $12.19. Vermilion Energy has a 52 week low of $9.81 and a 52 week high of $15.98.

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

Institutional Trading of Vermilion Energy

A number of institutional investors have recently added to or reduced their stakes in VET. Stratos Wealth Partners LTD. lifted its stake in Vermilion Energy by 0.5% in the third quarter. Stratos Wealth Partners LTD. now owns 165,925 shares of the oil and gas company’s stock valued at $2,426,000 after acquiring an additional 856 shares during the last quarter. 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 buying an additional 91,526 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Vermilion Energy by 142.2% in the third quarter. Mackenzie Financial Corp now owns 1,143,134 shares of the oil and gas company’s stock worth $15,699,000 after buying an additional 671,228 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Vermilion Energy by 19.8% in the third quarter. TD Asset Management Inc now owns 1,004,916 shares of the oil and gas company’s stock worth $14,769,000 after buying an additional 166,222 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Vermilion Energy by 3.4% in the third quarter. CIBC Asset Management Inc now owns 159,456 shares of the oil and gas company’s stock worth $2,340,000 after buying an additional 5,276 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.0888 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 3.00%. 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.