Vital Energy (VTLE) Expected to Announce Quarterly Earnings on Wednesday

Vital Energy (NYSE:VTLE) will likely be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $2.03 per share and revenue of $550.90 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Vital Energy Stock Up 1.7 %

Shares of NYSE VTLE opened at $34.40 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 2.41 and a beta of 3.12. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $31.68.

Analyst Ratings Changes

Several research firms have recently issued reports on VTLE. Wells Fargo & Company upped their price objective on Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Truist Financial upped their price objective on Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Piper Sandler upped their price objective on Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vital Energy presently has a consensus rating of “Hold” and an average target price of $45.90.

About Vital Energy

Vital Energy, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.