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 decreased their Q1 2024 earnings per share estimates for Vermilion Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will post earnings of $0.91 per share for the quarter, down from their prior estimate 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 announced its quarterly earnings data 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. The business had revenue of $384.17 million during the quarter, compared to analysts’ expectations of $442.92 million. Vermilion Energy had a positive return on equity of 15.75% and a negative net margin of 11.40%.

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

Vermilion Energy Stock Up 1.5 %

Shares of NYSE:VET opened at $12.02 on Tuesday. The stock has a fifty day simple moving average of $11.65 and a two-hundred day simple moving average of $12.20. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -10.82 and a beta of 2.04. Vermilion Energy has a 12-month low of $9.81 and a 12-month high of $15.98. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31.

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 $0.0888 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 2.96%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.07. Vermilion Energy’s payout ratio is currently -26.13%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Vermilion Energy by 3.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,928 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 828 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of 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 worth $2,426,000 after acquiring an additional 856 shares during the period. Natixis Advisors L.P. grew its holdings in shares of Vermilion Energy by 4.0% in the third quarter. Natixis Advisors L.P. now owns 49,440 shares of the oil and gas company’s stock worth $723,000 after acquiring an additional 1,896 shares during the period. Citigroup Inc. grew its holdings in shares of Vermilion Energy by 40.3% in the third quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,932 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Vermilion Energy by 24.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 13,954 shares of the oil and gas company’s stock worth $168,000 after acquiring an additional 2,701 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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.