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

Vermilion Energy Inc. (TSE:VET - Free Report) NYSE: VET - Research analysts at Atb Cap Markets lowered their FY2024 earnings per share estimates for shares of Vermilion Energy in a research note issued to investors on Thursday, November 7th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.46 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 analysts have also recently issued reports about the company. BMO Capital Markets cut Vermilion Energy from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. TD Securities decreased their price target on Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. National Bankshares decreased their price target on Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Royal Bank of Canada decreased their price target on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Finally, JPMorgan Chase & Co. decreased their price target on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$19.36.

Vermilion Energy Price Performance

TSE VET traded down C$0.21 during midday trading on Monday, hitting C$13.51. The company had a trading volume of 598,661 shares, compared to its average volume of 769,470. The company has a market capitalization of C$2.11 billion, a PE ratio of -2.64, a P/E/G 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. The firm has a 50-day moving average price of C$13.31 and a 200-day moving average price of C$14.58. Vermilion Energy has a twelve month low of C$11.87 and a twelve month high of C$18.53.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The firm 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 Activity

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of C$13.54 per share, with a total value of C$67,700.00. Insiders own 0.16% of the company's stock.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.55%. Vermilion Energy's payout ratio is -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.