Q2 2023 Earnings Forecast for Vermilion Energy Inc. Issued By Atb Cap Markets (NYSE:VET)

Posted by Defense World Staff on Apr 26th, 2023

Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) – Investment analysts at Atb Cap Markets reduced their Q2 2023 earnings per share estimates for shares of Vermilion Energy in a note issued to investors on Sunday, April 23rd. Atb Cap Markets analyst A. Arif now anticipates that the oil and gas company will post earnings of $0.59 per share for the quarter, down from their prior estimate of $0.61. The consensus estimate for Vermilion Energy’s current full-year earnings is $1.93 per share. Atb Cap Markets also issued estimates for Vermilion Energy’s Q3 2023 earnings at $0.50 EPS, Q4 2023 earnings at $0.70 EPS, FY2023 earnings at $2.21 EPS, Q1 2024 earnings at $0.63 EPS, Q2 2024 earnings at $0.67 EPS, Q3 2024 earnings at $0.62 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.57 EPS and FY2025 earnings at $2.15 EPS.

A number of other analysts have also recently commented on VET. Scotiabank lowered their price target on Vermilion Energy from C$32.00 to C$29.00 in a research report on Tuesday, January 17th. National Bank Financial reduced their price objective on Vermilion Energy from C$50.00 to C$29.00 in a research note on Wednesday, January 11th. JPMorgan Chase & Co. upgraded Vermilion Energy from a “neutral” rating to an “overweight” rating in a research note on Tuesday, March 14th. TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, StockNews.com upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and a consensus target price of $32.44.

Vermilion Energy Stock Performance

Shares of VET opened at $12.76 on Tuesday. The stock has a 50-day moving average of $13.24 and a two-hundred day moving average of $16.54. Vermilion Energy has a one year low of $11.93 and a one year high of $30.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market cap of $2.07 billion, a P/E ratio of 2.12 and a beta of 2.22.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a $0.073 dividend. This represents a $0.29 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 30th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.06. Vermilion Energy’s payout ratio is currently 4.82%.

Hedge Funds Weigh In On Vermilion Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd purchased a new position in shares of Vermilion Energy in the 1st quarter valued at about $25,000. Optiver Holding B.V. boosted its holdings in Vermilion Energy by 68.7% in the 3rd quarter. Optiver Holding B.V. now owns 1,243 shares of the oil and gas company’s stock worth $27,000 after buying an additional 506 shares during the last quarter. Money Concepts Capital Corp acquired a new stake in Vermilion Energy in the 4th quarter worth about $40,000. PNC Financial Services Group Inc. boosted its holdings in Vermilion Energy by 8,245.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after buying an additional 4,700 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Vermilion Energy in the 3rd quarter worth about $119,000. Hedge funds and other institutional investors own 27.94% of the company’s stock.

About Vermilion Energy

(Get Rating)

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.