FY2024 EPS Estimates for TSE:VET Decreased by Analyst

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Investment analysts at Atb Cap Markets lowered 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 company will post earnings per share of $0.46 for the year, down from their prior estimate of $0.82. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.40 per share.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$490.10 million for the quarter, compared to analyst estimates of C$497.45 million.

Other analysts also recently issued reports about the company. National Bankshares decreased their price objective on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. Royal Bank of Canada cut their price objective on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Canaccord Genuity Group decreased their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$19.36.

Vermilion Energy Price Performance

VET stock opened at C$13.12 on Monday. The company has a market capitalization of C$2.05 billion, a P/E ratio of -2.57, a PEG ratio of -0.02 and a beta of 2.60. The company has a fifty day moving average price of C$13.30 and a 200-day moving average price of C$14.56. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. Vermilion Energy has a 52-week low of C$11.87 and a 52-week high of C$18.53.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of Vermilion Energy stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of C$13.54 per share, for a total transaction of C$67,700.00. Corporate insiders own 0.16% of the company’s stock.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.66%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is presently -9.39%.

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.