Vermilion Energy Inc. (NYSE:VET - Free Report) TSE: VET - Investment analysts at Atb Cap Markets reduced their Q4 2024 EPS estimates for Vermilion Energy in a research report issued to clients and investors on Thursday, November 7th. Atb Cap Markets analyst A. Arif now forecasts that the oil and gas company will earn $0.46 per share for the quarter, down from their previous forecast of $0.53. The consensus estimate for Vermilion Energy's current full-year earnings is $0.34 per share. Atb Cap Markets also issued estimates for Vermilion Energy's Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.33 EPS, FY2026 earnings at $0.99 EPS and FY2027 earnings at $0.63 EPS.
Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.09). Vermilion Energy had a negative net margin of 41.53% and a positive return on equity of 6.24%. The company had revenue of $359.27 million for the quarter, compared to analyst estimates of $364.54 million.
Separately, BMO Capital Markets downgraded shares of Vermilion Energy from an "outperform" rating to a "market perform" rating in a research note on Friday, October 4th.
Check Out Our Latest Report on VET
Vermilion Energy Trading Down 2.2 %
Shares of NYSE VET traded down $0.22 during midday trading on Friday, reaching $9.85. 1,359,679 shares of the stock were exchanged, compared to its average volume of 1,148,034. The stock has a 50 day moving average price of $9.72 and a 200-day moving average price of $10.65. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.53 billion, a P/E ratio of -2.63 and a beta of 2.00. Vermilion Energy has a 52-week low of $8.70 and a 52-week high of $13.49.
Hedge Funds Weigh In On Vermilion Energy
Institutional investors and hedge funds have recently modified their holdings of the company. Royce & Associates LP purchased a new position in Vermilion Energy during the third quarter worth approximately $6,001,000. Aigen Investment Management LP raised its stake in Vermilion Energy by 29.8% during the third quarter. Aigen Investment Management LP now owns 27,148 shares of the oil and gas company's stock worth $265,000 after purchasing an additional 6,229 shares during the period. Entropy Technologies LP purchased a new position in Vermilion Energy during the third quarter worth approximately $382,000. Janney Montgomery Scott LLC raised its stake in Vermilion Energy by 4.6% during the third quarter. Janney Montgomery Scott LLC now owns 206,715 shares of the oil and gas company's stock worth $2,020,000 after purchasing an additional 9,161 shares during the period. Finally, Clear Harbor Asset Management LLC raised its stake in Vermilion Energy by 3.3% during the third quarter. Clear Harbor Asset Management LLC now owns 149,129 shares of the oil and gas company's stock worth $1,457,000 after purchasing an additional 4,702 shares during the period. Hedge funds and other institutional investors own 31.91% of the company's stock.
Vermilion Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.089 per share. This is an increase 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 3.62%. Vermilion Energy's dividend payout ratio is presently -9.36%.
About Vermilion Energy
(
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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.
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