FY2024 EPS Estimates for TSE:VET Cut by Atb Cap Markets

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Equities researchers at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for shares of Vermilion Energy in a research report issued to clients and investors on Thursday, November 7th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.46 for the year, down from their prior forecast of $0.82. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.40 per share.

A number of other research analysts have also commented on the company. National Bankshares lowered their price objective on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Desjardins lowered their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered their price objective on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Canaccord Genuity Group lowered their price objective on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lowered their price objective on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.36.

Vermilion Energy Stock Performance

Shares of TSE VET opened at C$13.51 on Monday. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The firm has a market cap of C$2.11 billion, a price-to-earnings ratio of -2.64, a P/E/G ratio of -0.02 and a beta of 2.60. The business’s 50-day simple moving average is C$13.31 and its 200-day simple moving average is C$14.58. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$18.53.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$490.10 million for the quarter, compared to analysts’ expectations of C$497.45 million.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is owned by insiders.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s payout ratio is presently -9.39%.

About Vermilion Energy

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.