Q1 2024 EPS Estimates for Vermilion Energy Inc. (TSE:VET) Reduced by Atb Cap Markets

Vermilion Energy Inc. (TSE:VET - Free Report) NYSE: VET - Investment analysts at Atb Cap Markets cut their Q1 2024 EPS estimates for shares of Vermilion Energy in a research report issued on Monday, April 22nd. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $1.25 per share for the quarter, down from their prior 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.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping analysts' consensus estimates of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The firm had revenue of C$522.97 million during the quarter, compared to analyst estimates of C$593.34 million.

Several other analysts have also recently issued reports on the stock. Raymond James lowered their target price on shares of Vermilion Energy from C$26.00 to C$24.00 and set an "outperform" rating on the stock in a research note on Friday, January 19th. ATB Capital lowered their target price on shares of Vermilion Energy from C$27.00 to C$23.00 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. cut their price target on shares of Vermilion Energy from C$23.00 to C$21.00 and set an "overweight" rating for the company in a research note on Friday, March 8th. Canaccord Genuity Group raised their price objective on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a "buy" rating in a research report on Wednesday, April 17th. Finally, TD Securities raised shares of Vermilion Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$18.00 to C$20.00 in a report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$21.54.

Vermilion Energy Price Performance

TSE VET traded down C$0.21 during trading hours on Wednesday, hitting C$16.21. The company had a trading volume of 581,944 shares, compared to its average volume of 765,109. The firm has a 50 day simple moving average of C$15.86 and a 200 day simple moving average of C$16.52. Vermilion Energy has a 52 week low of C$13.30 and a 52 week high of C$21.60. The firm has a market capitalization of C$2.63 billion, a price-to-earnings ratio of -11.32, a PEG ratio of -0.02 and a beta of 2.71. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18.

Insider Buying and Selling

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

Vermilion Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Vermilion Energy's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 2.96%. Vermilion Energy's dividend payout ratio is currently -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.