Atb Cap Markets Cuts Earnings Estimates for Vermilion Energy

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Analysts at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for Vermilion Energy in a research note issued to investors on Thursday, December 19th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.45 per share for the year, down from their previous forecast of $0.46. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.40 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2024 earnings at $0.63 EPS, Q3 2025 earnings at $0.37 EPS and Q4 2025 earnings at $0.45 EPS.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million.

Other research analysts also recently issued reports about the stock. ATB Capital reduced their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Tuesday. National Bankshares boosted their target price on Vermilion Energy from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada cut their price target on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. TD Securities decreased their price objective on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Canaccord Genuity Group dropped their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$18.86.

Vermilion Energy Price Performance

VET opened at C$13.13 on Monday. Vermilion Energy has a fifty-two week low of C$11.84 and a fifty-two week high of C$17.56. The firm has a 50-day moving average of C$13.63 and a 200 day moving average of C$14.02. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The firm has a market cap of C$2.05 billion, a P/E ratio of -2.57, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.66%. Vermilion Energy’s payout ratio is -9.39%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.