Q3 2024 Earnings Forecast for Vital Energy, Inc. (NYSE:VTLE) Issued By Capital One Financial

Vital Energy, Inc. (NYSE:VTLE) – Equities research analysts at Capital One Financial dropped their Q3 2024 earnings per share (EPS) estimates for Vital Energy in a research note issued on Tuesday, October 8th. Capital One Financial analyst B. Velie now anticipates that the company will post earnings of $1.71 per share for the quarter, down from their prior estimate of $1.84. The consensus estimate for Vital Energy’s current full-year earnings is $6.61 per share. Capital One Financial also issued estimates for Vital Energy’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.58 EPS and FY2024 earnings at $7.60 EPS.

Other analysts also recently issued research reports about the stock. Truist Financial lowered their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Bank of America reiterated an “underperform” rating and set a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Piper Sandler reduced their price target on Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.92.

Vital Energy Trading Up 2.0 %

Shares of VTLE stock opened at $29.65 on Thursday. The company has a market capitalization of $1.09 billion, a P/E ratio of 1.23 and a beta of 3.16. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $32.36 and its two-hundred day moving average is $42.86. Vital Energy has a twelve month low of $25.94 and a twelve month high of $58.30.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The business had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. Vital Energy’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.35 earnings per share.

Insider Activity

In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $37.85 per share, with a total value of $94,625.00. Following the purchase, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the transaction, the chief financial officer now owns 77,516 shares of the company’s stock, valued at approximately $2,212,306.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO M. Jason Pigott purchased 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $37.85 per share, with a total value of $94,625.00. Following the completion of the acquisition, the chief executive officer now owns 169,389 shares of the company’s stock, valued at approximately $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VTLE. Cetera Investment Advisers lifted its stake in shares of Vital Energy by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock worth $1,447,000 after purchasing an additional 527 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of Vital Energy by 6.8% during the 2nd quarter. SkyView Investment Advisors LLC now owns 20,690 shares of the company’s stock valued at $927,000 after buying an additional 1,311 shares during the period. Scientech Research LLC acquired a new stake in shares of Vital Energy during the 2nd quarter worth $239,000. Lighthouse Investment Partners LLC acquired a new position in shares of Vital Energy in the 2nd quarter valued at about $459,000. Finally, The Manufacturers Life Insurance Company lifted its position in Vital Energy by 16.3% during the second quarter. The Manufacturers Life Insurance Company now owns 13,987 shares of the company’s stock valued at $627,000 after buying an additional 1,959 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Company Profile

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.