Atb Cap Markets Has Negative Outlook of VET FY2024 Earnings

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Atb Cap Markets reduced their FY2024 earnings estimates for shares of 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 post earnings per share of $0.32 for the year, down from their previous forecast 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 downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th.

Vermilion Energy Price Performance

NYSE VET opened at $8.87 on Monday. The business’s fifty day moving average is $9.75 and its 200 day moving average is $10.15. Vermilion Energy has a fifty-two week low of $8.64 and a fifty-two week high of $12.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. The company has a market capitalization of $1.38 billion, a PE ratio of -2.37 and a beta of 1.99.

Vermilion Energy Increases Dividend

The company also recently disclosed 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 an increase from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.36%.

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in shares of Vermilion Energy by 345.4% in the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after acquiring an additional 459,746 shares during the period. Public Employees Retirement System of Ohio bought a new position in Vermilion Energy in the 3rd quarter worth approximately $1,947,000. Verition Fund Management LLC purchased a new stake in Vermilion Energy during the 3rd quarter valued at approximately $555,000. Two Sigma Advisers LP grew its holdings in Vermilion Energy by 72.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after buying an additional 438,200 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in shares of Vermilion Energy during the third quarter valued at approximately $6,001,000. 31.91% of the stock is owned by institutional investors.

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.