Atb Cap Markets Issues Pessimistic Estimate for VET Earnings

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Equities researchers at Atb Cap Markets dropped their FY2024 earnings per share estimates for Vermilion Energy in a research report issued to clients and investors on Thursday, December 19th. Atb Cap Markets analyst A. Arif now forecasts 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 report on Friday, October 4th.

Vermilion Energy Stock Performance

NYSE:VET opened at $8.87 on Monday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -2.37 and a beta of 1.99. Vermilion Energy has a 1 year low of $8.64 and a 1 year high of $12.94. The stock’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $10.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.01%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is currently -9.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 3,674 shares during the period. Marshall Wace LLP bought a new stake in Vermilion Energy in the second quarter worth $122,000. Net Worth Advisory Group bought a new stake in Vermilion Energy in the third quarter worth $115,000. Blue Trust Inc. boosted its stake in Vermilion Energy by 601.9% during the third quarter. Blue Trust Inc. now owns 13,996 shares of the oil and gas company’s stock worth $137,000 after buying an additional 12,002 shares during the period. Finally, Aigen Investment Management LP increased its position in Vermilion Energy by 29.8% during the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company’s stock valued at $265,000 after acquiring an additional 6,229 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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.