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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Stock analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for Vermilion Energy in a research note issued to investors on Thursday, December 19th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.45 for the year, down from their previous estimate 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.

Several other research firms have also commented on VET. Royal Bank of Canada dropped their target price on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. JPMorgan Chase & Co. dropped their price objective on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. TD Securities decreased their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group cut their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$19.27.

Vermilion Energy Trading Down 0.2 %

Shares of TSE:VET opened at C$12.73 on Monday. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$17.56. The company’s 50 day moving average is C$13.67 and its two-hundred day moving average is C$14.06. The company has a market cap of C$1.98 billion, a PE ratio of -2.49, a P/E/G ratio of -0.02 and a beta of 2.60. 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 (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 analysts’ consensus estimates of C$0.45 by C($0.12). The company had revenue of C$490.10 million during the quarter, compared to analyst estimates 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.77%. The ex-dividend date is Tuesday, December 31st. Vermilion Energy’s payout ratio is currently -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.