Vermilion Energy Inc. (NYSE: VET) stock fell -0.08% on Wednesday to $12.12 against a previous-day closing price of $12.13. With 0.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $12.31 whereas the lowest price it dropped to was $12.01. The 52-week range on VET shows that it touched its highest point at $30.17 and its lowest point at $11.34 during that stretch. It currently has a 1-year price target of $19.30. With its current market cap of 2.61 billion, VET has annualized dividend of $0.40 while the current yield stands at 3.30%. Beta for the stock currently stands at 2.92.
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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 up-trending over the past week, with a rise of 3.06%, but this was down by -5.02% over a month. Three-month performance dropped to -10.95% while six-month performance fell -36.54%. The stock lost -40.47% in the past year, while it has lost -31.53% so far this year. A look at the trailing 12-month EPS for VET yields 8.38 with Next year EPS estimates of 4.65. For the next quarter, that number is 1.23. This implies an EPS growth rate of 11.80% for this year and 0.65% 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 72.60%.
Float and Shares Shorts:
At present, 162.59 million VET shares are outstanding with a float of 159.82 million shares on hand for trading. On Mar 30, 2023, short shares totaled 1.57 million, which was 0.97% higher than short shares on Jan 30, 2023. In addition to Mr. Anthony Hatcher P.Eng. as the firm’s Pres, CEO & Director, Mr. Lars William Glemser serves as its VP & CFO.
Through their ownership of 33.93% 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 1.28% stake in VET, the Vanguard Total International Stoc is the largest stakeholder. A total of 2,095,584 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 17.8 million. Vanguard Developed Markets Index holds 0.76% of the stake in VET, owning 1,239,111 shares worth 15.7 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VET reported revenue of $922.27M and operating income of $462.82M. The EBITDA in the recently reported quarter was $605.76M and diluted EPS was $2.14.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VET since 0 analysts follow the stock currently. 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 $29.81 and a low target of $13.98, the average target price over the next 12 months is $20.02. Based on these targets, VET could surge 145.96% to reach the target high and rise by 15.35% to reach the target low. Reaching the average price target will result in a growth of 65.18% 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.