Vermilion Energy Inc. (NYSE: VET) stock fell -3.93% on Tuesday to $15.41 against a previous-day closing price of $16.04. With 1.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.06 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $16.17 whereas the lowest price it dropped to was $15.36. The 52-week range on VET shows that it touched its highest point at $30.17 and its lowest point at $13.44 during that stretch. It currently has a 1-year price target of $21.49. With its current market cap of 3.34 billion, VET has annualized dividend of $0.32 while the current yield stands at 2.08%. Beta for the stock currently stands at 3.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VET was down-trending over the past week, with a drop of -0.64%, but this was down by -13.62% over a month. Three-month performance dropped to -31.60% while six-month performance fell -34.26%. The stock gained 7.84% in the past year, while it has lost -12.94% so far this year. A look at the trailing 12-month EPS for VET yields 7.49 with Next year EPS estimates of 6.67. For the next quarter, that number is -0.00. This implies an EPS growth rate of 172.50% for this year and 21.21% for next year. EPS is expected to grow by 20.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 47.70%.
Float and Shares Shorts:
At present, 163.95 million VET shares are outstanding with a float of 159.82 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.58 million, which was 1.57% higher than short shares on Sep 14, 2022. In addition to Mr. Robert B. Michaleski CA as the firm’s Exec. Independent Chairman, Mr. Anthony Hatcher P.Eng. serves as its Pres.
Through their ownership of 29.67% of VET’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of VET, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.31% stake in VET, the Vanguard Total International Stoc is the largest stakeholder. A total of 2,134,764 shares are owned by the mutual fund manager. The Canoe Energy Portfolio Class Seri, which owns about 0.86% of VET stock, is the second-largest Mutual Fund holder. It holds 1,404,500 shares valued at 24.86 million. DFA International Small Cap Value holds 0.83% of the stake in VET, owning 1,354,479 shares worth 23.97 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VET since 13 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VET analysts setting a high price target of $38.07 and a low target of $18.65, the average target price over the next 12 months is $25.17. Based on these targets, VET could surge 147.05% to reach the target high and rise by 21.03% to reach the target low. Reaching the average price target will result in a growth of 63.34% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VET will report FY 2022 earnings on 03/04/2024. Analysts have provided yearly estimates in a range of $5.72 being high and $3.04 being low. For VET, this leads to a yearly average estimate of $4.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Vermilion Energy Inc. surprised analysts by -$0.02 when it reported $1.21 EPS against a consensus estimate of $1.22. The surprise factor in the prior quarter was $0.43. Based on analyst estimates, the high estimate for the next quarter is $0.22 and the low estimate is -$0.26. The average estimate for the next quarter is thus $0.01.