FY2024 EPS Estimates for TSE:VET Reduced by Atb Cap Markets

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Stock analysts at Atb Cap Markets reduced their FY2024 EPS estimates for shares of Vermilion Energy in a research note issued on Thursday, December 19th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.45 per share for the year, down from their previous forecast of $0.46. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.40 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2024 earnings at $0.63 EPS, Q3 2025 earnings at $0.37 EPS and Q4 2025 earnings at $0.45 EPS.

A number of other analysts have also recently commented on the stock. BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. Royal Bank of Canada lowered their price target on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. National Bankshares dropped their price target on Vermilion Energy from C$23.00 to C$17.00 in a research report on Friday, September 27th. Canaccord Genuity Group decreased their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$19.27.

Vermilion Energy Trading Up 0.3 %

TSE:VET opened at C$12.77 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. Vermilion Energy has a 1-year low of C$11.84 and a 1-year high of C$17.56. The firm has a market capitalization of C$1.99 billion, a price-to-earnings ratio of -2.50, a PEG ratio of -0.02 and a beta of 2.60. The business’s 50-day moving average price is C$13.67 and its two-hundred day moving average price is C$14.04.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The firm had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.