Vermilion Energy Inc. (NYSE:VET) to Post FY2022 Earnings of $3.49 Per Share, Stifel Firstegy Forecasts

Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) – Stock analysts at Stifel Firstegy dropped their FY2022 earnings estimates for Vermilion Energy in a note issued to investors on Thursday, April 21st. Stifel Firstegy analyst C. Kwong now expects that the oil and gas company will post earnings of $3.49 per share for the year, down from their prior forecast of $3.60. Stifel Firstegy also issued estimates for Vermilion Energy’s FY2023 earnings at $4.19 EPS.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Vermilion Energy from C$34.00 to C$33.50 in a research report on Tuesday, March 29th. Royal Bank of Canada boosted their price target on shares of Vermilion Energy from C$17.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 13th. StockNews.com lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Desjardins boosted their price target on shares of Vermilion Energy from C$27.50 to C$32.50 in a research note on Wednesday, March 9th. Finally, Scotiabank boosted their price target on shares of Vermilion Energy from C$27.00 to C$30.00 in a research note on Monday, April 18th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $28.40.

NYSE VET opened at $20.08 on Monday. The firm has a 50-day moving average of $20.51. Vermilion Energy has a 12 month low of $5.51 and a 12 month high of $23.93. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.63 and a quick ratio of 0.61. The firm has a market capitalization of $3.26 billion, a PE ratio of 3.56 and a beta of 2.59.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last posted its earnings results on Monday, March 7th. The oil and gas company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.42. Vermilion Energy had a net margin of 55.40% and a return on equity of 13.94%. The company had revenue of $611.07 million for the quarter. During the same period in the previous year, the company earned ($0.21) EPS.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Thursday, March 31st were issued a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, March 30th. Vermilion Energy’s dividend payout ratio (DPR) is 3.37%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC acquired a new position in Vermilion Energy in the first quarter valued at approximately $37,000. Maverick Capital Ltd. acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $44,000. Citigroup Inc. acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $61,000. 1832 Asset Management L.P. boosted its holdings in shares of Vermilion Energy by 6,772.0% in the fourth quarter. 1832 Asset Management L.P. now owns 6,872 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 6,772 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Vermilion Energy by 21.6% in the third quarter. Advisor Group Holdings Inc. now owns 12,011 shares of the oil and gas company’s stock valued at $119,000 after acquiring an additional 2,132 shares during the period. 23.55% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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