FY2024 EPS Estimates for Vermilion Energy Inc. Cut by Atb Cap Markets (TSE:VET)

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Stock analysts at Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for Vermilion Energy in a note issued to investors on Wednesday, September 11th. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.82 for the year, down from their previous forecast of $0.97. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.91 per share.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The firm had revenue of C$478.93 million for the quarter, compared to the consensus estimate of C$514.63 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%.

A number of other equities analysts have also issued reports on the company. Desjardins decreased their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price target on Vermilion Energy from C$21.00 to C$18.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Canaccord Genuity Group cut their price objective on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, BMO Capital Markets decreased their target price on shares of Vermilion Energy from C$21.00 to C$20.00 in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$21.25.

Vermilion Energy Price Performance

TSE VET opened at C$12.43 on Thursday. The company has a 50-day moving average price of C$14.03 and a two-hundred day moving average price of C$15.35. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$21.60. The stock has a market cap of C$1.96 billion, a price-to-earnings ratio of -2.50, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, September 27th. Vermilion Energy’s dividend payout ratio is presently -9.66%.

Insider Buying and Selling

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by insiders.

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.