Atb Cap Markets Weighs in on Vermilion Energy Inc.’s Q3 2024 Earnings (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Stock analysts at Atb Cap Markets reduced their Q3 2024 earnings per share (EPS) estimates for shares of Vermilion Energy in a research report issued on Wednesday, September 11th. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas company will post earnings of $0.46 per share for the quarter, down from their previous forecast of $0.54. The consensus estimate for Vermilion Energy’s current full-year earnings is $0.83 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s FY2024 earnings at $0.61 EPS, Q4 2025 earnings at $0.41 EPS and FY2025 earnings at $1.75 EPS.

Vermilion Energy Price Performance

Vermilion Energy stock opened at $9.22 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.09. The company’s fifty day moving average price is $10.22 and its 200 day moving average price is $11.23. The stock has a market capitalization of $1.45 billion, a P/E ratio of -3.32 and a beta of 2.00. Vermilion Energy has a 1 year low of $8.70 and a 1 year high of $15.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.69). The business had revenue of $350.04 million during the quarter, compared to analysts’ expectations of $376.54 million. Vermilion Energy had a negative net margin of 41.33% and a positive return on equity of 5.99%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Vermilion Energy by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,925,874 shares of the oil and gas company’s stock valued at $73,718,000 after acquiring an additional 71,476 shares during the last quarter. Millennium Management LLC raised its stake in Vermilion Energy by 34.5% in the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after purchasing an additional 1,405,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Vermilion Energy by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock valued at $38,131,000 after purchasing an additional 134,216 shares in the last quarter. American Century Companies Inc. boosted its stake in Vermilion Energy by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company’s stock worth $24,111,000 after purchasing an additional 131,780 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Vermilion Energy by 0.6% during the 2nd quarter. National Bank of Canada FI now owns 1,684,875 shares of the oil and gas company’s stock worth $18,461,000 after purchasing an additional 9,304 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.088 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.82%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. Vermilion Energy’s payout ratio is currently -12.59%.

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.