FY2024 EPS Forecast for Vermilion Energy Reduced by Analyst

Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET - Equities research analysts at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for shares of Vermilion Energy in a research report issued on Thursday, November 7th. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas company will post earnings per share of $0.33 for the year, down from their prior estimate of $0.61. The consensus estimate for Vermilion Energy's current full-year earnings is $0.21 per share. Atb Cap Markets also issued estimates for Vermilion Energy's Q4 2025 earnings at $0.39 EPS and FY2025 earnings at $1.62 EPS.

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

Vermilion Energy Stock Down 1.6 %

Vermilion Energy stock traded down $0.16 during midday trading on Monday, reaching $9.69. The stock had a trading volume of 898,964 shares, compared to its average volume of 1,147,226. The firm's fifty day simple moving average is $9.70 and its 200-day simple moving average is $10.60. Vermilion Energy has a 1-year low of $8.70 and a 1-year high of $13.49. The stock has a market capitalization of $1.51 billion, a P/E ratio of -2.59 and a beta of 2.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.09.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.67%. Vermilion Energy's payout ratio is -9.63%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VET. Millennium Management LLC boosted 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 period. Royce & Associates LP bought a new stake in shares of Vermilion Energy during the 3rd quarter valued at $6,001,000. Dimensional Fund Advisors LP lifted its position in shares of Vermilion Energy by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company's stock valued at $38,131,000 after acquiring an additional 134,216 shares during the period. American Century Companies Inc. lifted its position in shares of Vermilion Energy by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,190,255 shares of the oil and gas company's stock valued at $24,111,000 after acquiring an additional 131,780 shares during the period. Finally, Albert D Mason Inc. acquired a new position in shares of Vermilion Energy during the 2nd quarter worth $1,034,000. Institutional investors and hedge funds own 31.91% of the company's stock.

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.