FY2024 EPS Estimate for Vermilion Energy Reduced by Analyst

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) – Research analysts at Atb Cap Markets lowered their FY2024 earnings estimates for Vermilion Energy in a report released on Thursday, December 19th. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas company will earn $0.32 per share for the year, down from their prior estimate of $0.33. The consensus estimate for Vermilion Energy’s current full-year earnings is $0.25 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q4 2024 earnings at $0.45 EPS, Q3 2025 earnings at $0.26 EPS and Q4 2025 earnings at $0.32 EPS.

Separately, BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th.

Vermilion Energy Stock Up 2.5 %

VET opened at $9.12 on Monday. The company has a fifty day moving average of $9.72 and a two-hundred day moving average of $10.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy has a fifty-two week low of $8.22 and a fifty-two week high of $12.94. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -2.44 and a beta of 1.99.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Vermilion Energy by 34.5% in the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after purchasing an additional 1,405,653 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Vermilion Energy in the third quarter valued at about $6,001,000. The Manufacturers Life Insurance Company lifted its stake in shares of Vermilion Energy by 345.4% in the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after buying an additional 459,746 shares in the last quarter. Two Sigma Advisers LP grew its stake in Vermilion Energy by 72.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after acquiring an additional 438,200 shares in the last quarter. Finally, PDT Partners LLC lifted its stake in Vermilion Energy by 286.6% in the 3rd quarter. PDT Partners LLC now owns 280,562 shares of the oil and gas company’s stock worth $2,741,000 after purchasing an additional 207,981 shares in the last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.089 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.90%. Vermilion Energy’s dividend payout ratio (DPR) is -9.36%.

About Vermilion Energy

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.