Equities Analysts Offer Predictions for VET FY2024 Earnings

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Research analysts at Atb Cap Markets decreased their FY2024 earnings per share estimates for Vermilion Energy in a research report issued on Thursday, December 19th. Atb Cap Markets analyst A. Arif now anticipates that the oil and gas company will earn $0.32 per share for the year, down from their prior estimate of $0.33. The consensus estimate for Vermilion Energy’s current full-year earnings is $0.25 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2024 earnings at $0.45 EPS, Q3 2025 earnings at $0.26 EPS and Q4 2025 earnings at $0.32 EPS.

Separately, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

Vermilion Energy Stock Up 0.3 %

Shares of NYSE VET opened at $8.90 on Monday. The business has a 50-day moving average of $9.73 and a two-hundred day moving average of $10.14. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.38 and a beta of 1.99. Vermilion Energy has a 1 year low of $8.22 and a 1 year high of $12.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19.

Institutional Investors Weigh In On Vermilion Energy

Several institutional investors have recently made changes to their positions in VET. The Manufacturers Life Insurance Company raised its stake in Vermilion Energy by 345.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock valued at $5,790,000 after purchasing an additional 459,746 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Vermilion Energy during the third quarter worth approximately $1,947,000. Verition Fund Management LLC acquired a new stake in Vermilion Energy during the third quarter worth approximately $555,000. Two Sigma Advisers LP raised its holdings in Vermilion Energy by 72.8% in the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after acquiring an additional 438,200 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of Vermilion Energy during the third quarter worth $6,001,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.089 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s dividend payout ratio (DPR) is -9.36%.

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.