Atb Cap Markets Has Weak Outlook for TSE:VET FY2024 Earnings

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) – Analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for shares of Vermilion Energy in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.46 per share for the year, down from their previous estimate of $0.82. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.40 per share.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group dropped their price target on Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Desjardins dropped their target price 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. BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. TD Securities cut their price objective on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. Finally, National Bankshares reduced their target price on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$19.36.

Vermilion Energy Stock Down 1.9 %

VET stock opened at C$13.72 on Monday. The company has a market cap of C$2.14 billion, a price-to-earnings ratio of -2.68, a PEG ratio of -0.02 and a beta of 2.60. 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 has a 12 month low of C$11.87 and a 12 month high of C$18.53. The firm has a 50-day moving average of C$13.32 and a two-hundred day moving average of C$14.59.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced 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). The business had revenue of C$490.10 million for the quarter, compared to analyst estimates of C$497.45 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%.

Insider Buying and Selling

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the business’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 corporate insiders.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.50%. Vermilion Energy’s dividend payout ratio is currently -9.39%.

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.