FY2024 Earnings Estimate for VET Issued By Atb Cap Markets

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for Vermilion Energy in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will post earnings of $0.33 per share for the year, down from their prior forecast of $0.61. The consensus estimate for Vermilion Energy’s current full-year earnings is $0.21 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2025 earnings at $0.39 EPS and FY2025 earnings at $1.62 EPS.

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

Vermilion Energy Trading Down 2.8 %

Shares of NYSE VET opened at $9.42 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.47 billion, a PE ratio of -2.52 and a beta of 2.00. Vermilion Energy has a twelve month low of $8.70 and a twelve month high of $13.49. The stock has a fifty day simple moving average of $9.69 and a 200-day simple moving average of $10.58.

Hedge Funds Weigh In On Vermilion Energy

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

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.089 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 3.78%. Vermilion Energy’s dividend payout ratio 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.