Vermilion Energy Inc.

TSX:VET Stock Report

Market Cap: CA$2.1b

Vermilion Energy Future Growth

Future criteria checks 4/6

Vermilion Energy is forecast to grow earnings and revenue by 109.2% and 7.2% per annum respectively while EPS is expected to grow by 142.1% per annum.

Key information

109.2%

Earnings growth rate

142.09%

EPS growth rate

Oil and Gas earnings growth10.0%
Revenue growth rate7.2%
Future return on equityn/a
Analyst coverage

Low

Last updated03 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 08

VET: Global Gas Portfolio Execution Will Drive Future Upside Potential

The analyst price target for Vermilion Energy has been revised from CA$18.00 to CA$15.00, reflecting updated assumptions on fair value and P/E, along with recent Street research where analysts have raised their targets to CA$24 at RBC Capital and by CA$3 at Scotiabank. Analyst Commentary Recent Street research on Vermilion Energy presents a mixed picture, with some firms lifting price targets while still maintaining neutral ratings.
Narrative Update • Jun 24

VET: Gas-Weighted Production Strength And Buybacks Will Support Higher Future Multiples

Analysts have modestly adjusted the fair value estimate for Vermilion Energy to CA$27.00, reflecting higher Street price targets around CA$24.00 and updated assumptions on revenue growth, margins, and future P/E expectations. Analyst Commentary Recent Street research on Vermilion Energy points to gradually improving sentiment, with several bullish analysts revisiting their assumptions on fair value, execution, and growth potential.
Narrative Update • Jun 10

VET: Gas Weighted Production Execution Will Drive Upside Against Balanced Risks

Analysts have nudged the average price target for Vermilion Energy higher to CA$24, citing recent target increases from major firms and slightly stronger assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research updates around Vermilion Energy have leaned constructive on the price target, with references to CA$24 as a central figure.
Narrative Update • May 27

VET: Gas Weighted Production And Execution Will Shape Balanced Outlook

The analyst price target for Vermilion Energy has been raised to CA$18.00 from CA$16.00, reflecting updated assumptions around higher modeled revenue growth, a revised discount rate, and a slightly higher future P/E multiple, in line with recent Street target increases across several firms. Analyst Commentary Recent Street research on Vermilion Energy shows a mix of optimism on valuation and growing caution around how much upside may already be reflected in the stock.
Analysis Article • May 08

New Forecasts: Here's What Analysts Think The Future Holds For Vermilion Energy Inc. (TSE:VET)

Shareholders in Vermilion Energy Inc. ( TSE:VET ) may be thrilled to learn that the analysts have just delivered a...
Narrative Update • May 03

VET: Gas-Weighted Output And Rising Payouts Will Support Re-Rating Potential

Vermilion Energy's analyst fair value estimate has shifted from CA$15.41 to CA$22.20, as analysts factor in higher price targets across several firms and updated views on profitability and P/E assumptions. Analyst Commentary Recent Street research on Vermilion Energy reflects a mix of optimism on valuation and profitability, alongside some caution about how much upside may already be reflected in the share price.
Narrative Update • Apr 19

VET: Repriced Gas Portfolio And Execution Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for Vermilion Energy to CA$16.00 from CA$13.00, citing updated assumptions about revenue, profit margins, and a lower future P/E multiple that are consistent with recent price target increases across several firms. Analyst Commentary Recent research coverage on Vermilion Energy has highlighted a mix of optimism and caution, with several firms adjusting price targets and, in one case, lowering the rating even as the target moved higher.
Narrative Update • Apr 05

VET: Repositioned Gas Portfolio Will Support Higher Future Earnings Multiples

Analysts have raised their price target on Vermilion Energy to CA$27.91 from CA$18.30, reflecting updated assumptions for revenue, profit margins and a higher future P/E multiple that are broadly in line with recent target increases from several Canadian banks. Analyst Commentary Recent Street research shows a cluster of upward price target revisions for Vermilion Energy, alongside a mix of rating moves as analysts respond to the share price and updated assumptions.
Narrative Update • Mar 22

VET: Repositioned Gas Portfolio Will Support Balanced Upside And Execution Risks

Narrative update The analyst fair value estimate for Vermilion Energy has moved from CA$15.74 to CA$18.30. This reflects Street analysts' higher price targets in the CA$15 to CA$16 range and updated assumptions on growth, margins and future P/E multiples.
Narrative Update • Mar 08

VET: Gas-Weighted Production Outlook And Dividend Increases Will Shape Fairly Valued Upside

Analysts have nudged their fair value estimate for Vermilion Energy higher from about CA$14.64 to CA$15.41, as recent Street targets moved up to a range of CA$15 to CA$16, citing updated assumptions for revenue growth, profit margins and a lower expected future P/E multiple. Analyst Commentary Recent Street research on Vermilion Energy shows a mix of optimism about the company’s fundamentals and caution around how much of that is already reflected in the share price.
Narrative Update • Feb 21

VET: Global Gas Outlook And Analyst Day Will Shape Fairly Valued Upside

Analysts have nudged their price target for Vermilion Energy higher to CA$14.64 from CA$14.18, citing updated assumptions around discount rates, profit margins, and a slightly higher future P/E multiple. What's in the News Vermilion Energy plans an Analyst/Investor Day focused on its repositioned global gas portfolio, giving you more detail on how its assets are organized across regions (Key Developments).
Narrative Update • Feb 07

VET: Repositioned Global Gas Portfolio And Outlook Day Will Shape Balanced View

Analysts have lifted their price target for Vermilion Energy to $13.0 from $12.5, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E that modestly reshape their view of the company’s risk and earnings potential. What's in the News Vermilion Energy scheduled an Analyst/Investor Day to provide insight into its repositioned global gas portfolio, highlighting how the business mix is now structured around gas assets (Key Developments).
Analysis Article • Feb 07

Vermilion Energy Inc. (TSE:VET) Shares Fly 29% But Investors Aren't Buying For Growth

Vermilion Energy Inc. ( TSE:VET ) shareholders would be excited to see that the share price has had a great month...
Narrative Update • Jan 24

VET: Global Gas Repositioning And 2026 Program Will Shape Balanced Outlook

Analysts have lifted their price target on Vermilion Energy to $12.50 from $10.50, citing updated views on fair value, discount rate assumptions, revenue, profit margins and a higher future P/E multiple. What's in the News Vermilion has scheduled an Analyst and Investor Day, aimed at providing more insight into its repositioned global gas portfolio and overall company outlook.
Narrative Update • Jan 10

VET: Repositioned Global Gas Portfolio Will Drive Future Upside Potential

Analysts have revised their price target for Vermilion Energy to $15.74 from $16.99, reflecting updates to their revenue growth, profit margin, discount rate assumptions, and a higher expected future P/E ratio. What's in the News Vermilion plans an Analyst and Investor Day focused on its repositioned global gas portfolio and outlook for the company, providing more detail on how management views its gas assets and future direction (Key Developments).
Narrative Update • Dec 26

VET: Future Cash Flow From Global Gas Portfolio Will Drive Upside

Analysts have raised their price target on Vermilion Energy to C$14.00 from C$12.00, citing a modestly higher discount rate, expectations for less robust profit margins, and a richer future P E multiple that together refine their view of the stock's risk reward profile. Analyst Commentary Recent Street research reflects a cautiously constructive stance on Vermilion Energy, with incremental price target increases signaling confidence in the company’s ability to execute despite a still-balanced risk profile.
Narrative Update • Dec 11

VET: Rising Cash Flow And Lower Risk Will Support Stronger Returns

Analysts have nudged their average price target on Vermilion Energy higher, from about C$13.50 to roughly C$14.18. They cite improved profit margin expectations, a lower perceived risk profile, and a more reasonable forward earnings multiple, despite tempered revenue growth assumptions.
Analysis Article • Aug 15

We Think That There Are Issues Underlying Vermilion Energy's (TSE:VET) Earnings

TSX:VET 1 Year Share Price vs Fair Value Explore Vermilion Energy's Fair Values from the Community and select yours...
Analysis Article • May 01

Here's Why Vermilion Energy (TSE:VET) Has A Meaningful Debt Burden

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Apr 09

Take Care Before Jumping Onto Vermilion Energy Inc. (TSE:VET) Even Though It's 29% Cheaper

To the annoyance of some shareholders, Vermilion Energy Inc. ( TSE:VET ) shares are down a considerable 29% in the last...
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New Narrative • Mar 23

Investments In German Deep Gas Projects And Westbrick Acquisition Will Strengthen Future Operations

Strategic investments and successful gas exploration in Europe are poised to significantly boost revenue through increased reserves and higher production volumes.
Analysis Article • Mar 11

Vermilion Energy's (TSE:VET) Shareholders Will Receive A Bigger Dividend Than Last Year

Vermilion Energy Inc. ( TSE:VET ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Dec 20

Cautious Investors Not Rewarding Vermilion Energy Inc.'s (TSE:VET) Performance Completely

Vermilion Energy Inc.'s ( TSE:VET ) price-to-sales (or "P/S") ratio of 1.1x might make it look like a buy right now...

Earnings and Revenue Growth Forecasts

TSX:VET - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282,348N/A5001,0741
12/31/20272,1881353411,0934
12/31/20262,2604133431,0803
3/31/20261,745-510303891N/A
12/31/20251,702-365309944N/A
9/30/20251,664553791,023N/A
6/30/20251,606100148768N/A
3/31/20251,522-84279894N/A
12/31/20241,454-96345968N/A
9/30/20241,543-8815341,099N/A
6/30/20241,622-8635131,083N/A
3/31/20241,715-627364990N/A
12/31/20231,831-2384341,025N/A
9/30/20232,1279615591,176N/A
6/30/20232,5661,1758301,505N/A
3/31/20232,9171,4091,2411,862N/A
12/31/20223,1701,3131,2621,814N/A
9/30/20223,1031,2621,0411,569N/A
6/30/20222,7108449231,333N/A
3/31/20222,3019336801,056N/A
12/31/20211,8941,149460834N/A
9/30/20211,475746430719N/A
6/30/20211,237824348601N/A
3/31/20211,047301124341N/A
12/31/20201,013-1,517133500N/A
9/30/20201,073-1,458178586N/A
6/30/20201,172-1,399216720N/A
3/31/20201,386-1,325343898N/A
12/31/20191,52633N/A823N/A
9/30/20191,591355N/A782N/A
6/30/20191,695350N/A864N/A
3/31/20191,668286N/A846N/A
12/31/20181,526272N/A816N/A
9/30/20181,407-43N/A787N/A
6/30/20181,184-67N/A619N/A
3/31/20181,07442N/A596N/A
12/31/20171,02462N/A594N/A
9/30/201797550N/A603N/A
6/30/201796474N/A614N/A
3/31/2017910-30N/A608N/A
12/31/2016829-160N/A510N/A
9/30/2016802-298N/A514N/A
6/30/2016810-367N/A485N/A
3/31/2016858-304N/A496N/A
12/31/2015874-217N/A444N/A
9/30/2015936-17N/A509N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VET is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3%).

Earnings vs Market: VET is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VET is expected to become profitable in the next 3 years.

Revenue vs Market: VET's revenue (7.2% per year) is forecast to grow faster than the Canadian market (4.6% per year).

High Growth Revenue: VET's revenue (7.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if VET's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 21:42
End of Day Share Price 2026/07/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vermilion Energy Inc. is covered by 23 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Cormark
Laique Ahmad Amir ArifATB Cormark