Atb Cap Markets Weighs in on Vermilion Energy Inc.’s Q3 2024 Earnings (NYSE:VET)

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Analysts at Atb Cap Markets reduced their Q3 2024 earnings estimates for shares of Vermilion Energy in a note issued to investors on Monday, April 22nd. Atb Cap Markets analyst A. Arif now expects that the oil and gas company will earn $0.57 per share for the quarter, down from their previous estimate of $0.62. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.76 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s FY2024 earnings at $2.71 EPS.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted 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 firm had revenue of $384.17 million during the quarter, compared to analysts’ expectations of $442.92 million.

Separately, TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Vermilion Energy Trading Up 1.7 %

Shares of NYSE:VET opened at $12.03 on Wednesday. The company has a 50 day moving average of $11.71 and a 200-day moving average of $12.19. The firm has a market cap of $1.92 billion, a P/E ratio of -10.84 and a beta of 2.04. Vermilion Energy has a twelve month low of $9.81 and a twelve month high of $15.98. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31.

Institutional Trading of Vermilion Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Vermilion Energy by 10.7% during 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vermilion Energy by 88.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 194,483 shares of the oil and gas company’s stock valued at $2,858,000 after purchasing an additional 91,526 shares during the last quarter. Vanguard Group Inc. lifted its stake in Vermilion Energy by 1.4% during the third quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock valued at $84,183,000 after purchasing an additional 81,497 shares during the last quarter. Boston Partners acquired a new stake in Vermilion Energy during the third quarter valued at approximately $6,210,000. Finally, Causeway Capital Management LLC acquired a new stake in Vermilion Energy during the third quarter valued at approximately $2,782,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.0888 per share. 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. This represents a $0.36 annualized dividend and a yield of 2.95%. Vermilion Energy’s dividend payout ratio is currently -26.13%.

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.