Q1 2024 Earnings Forecast for Vermilion Energy Inc. (TSE:VET) Issued By Atb Cap Markets

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Atb Cap Markets lowered their Q1 2024 EPS estimates for Vermilion Energy in a research note issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $1.25 for the quarter, down from their previous estimate of $1.51. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.87 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q2 2024 earnings at $0.79 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.89 EPS, FY2024 earnings at $3.72 EPS, FY2025 earnings at $3.53 EPS and FY2026 earnings at $2.78 EPS.

VET has been the subject of several other research reports. Stifel Nicolaus increased their price target on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday. ATB Capital dropped their price target on shares of Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. National Bankshares increased their price target on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Royal Bank of Canada raised their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$21.54.

Vermilion Energy Stock Up 1.5 %

TSE VET opened at C$16.45 on Wednesday. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18. The firm has a 50-day simple moving average of C$15.94 and a 200 day simple moving average of C$16.52. Vermilion Energy has a twelve month low of C$13.30 and a twelve month high of C$21.60. The stock has a market cap of C$2.67 billion, a PE ratio of -11.34, a PEG ratio of -0.02 and a beta of 2.71.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. The business had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million.

Insider Activity

In other news, Director Robert B. Michaleski purchased 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of C$14.94 per share, with a total value of C$149,400.00. In related news, Director Robert B. Michaleski bought 10,000 shares of Vermilion Energy stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of C$14.94 per share, with a total value of C$149,400.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. 0.15% of the stock is owned by company insiders.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.12 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.92%. Vermilion Energy’s payout ratio is -33.10%.

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.