Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET - Investment analysts at Atb Cap Markets dropped their Q3 2024 earnings estimates for Vermilion Energy in a research note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will post earnings of $0.57 per share for the quarter, down from their prior forecast of $0.62. The consensus estimate for Vermilion Energy's current full-year earnings is $1.94 per share. Atb Cap Markets also issued estimates for Vermilion Energy's FY2024 earnings at $2.71 EPS.
Separately, TD Securities raised Vermilion Energy from a "hold" rating to a "buy" rating in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.
View Our Latest Stock Report on VET
Vermilion Energy Stock Performance
Shares of NYSE VET traded down $0.16 during trading hours on Wednesday, reaching $11.84. 499,908 shares of the stock were exchanged, compared to its average volume of 1,225,205. The stock's fifty day simple moving average is $11.68 and its 200 day simple moving average is $12.19. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -10.66 and a beta of 2.04. Vermilion Energy has a 52 week low of $9.81 and a 52 week high of $15.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.18.
Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its earnings results on Wednesday, March 6th. The oil and gas company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.53 by $0.42. Vermilion Energy had a negative net margin of 11.40% and a positive return on equity of 15.75%. The business had revenue of $384.17 million during the quarter, compared to the consensus estimate of $442.92 million.
Vermilion Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.0888 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.07. Vermilion Energy's dividend payout ratio (DPR) is -26.13%.
Institutional Trading of Vermilion Energy
Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in Vermilion Energy by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company's stock valued at $52,441,000 after purchasing an additional 346,826 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vermilion Energy by 88.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 194,483 shares of the oil and gas company's stock valued at $2,858,000 after buying an additional 91,526 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vermilion Energy by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company's stock valued at $84,183,000 after buying an additional 81,497 shares in the last quarter. Boston Partners bought a new stake in shares of Vermilion Energy during the 3rd quarter worth approximately $6,210,000. Finally, Causeway Capital Management LLC acquired a new stake in shares of Vermilion Energy during the 3rd quarter worth approximately $2,782,000. 31.91% of the stock is currently owned by institutional investors.
About Vermilion Energy
(
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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.
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