Vital Energy (VTLE) Scheduled to Post Quarterly Earnings on Wednesday

Vital Energy (NYSE:VTLE) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Vital Energy to post earnings of $1.58 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.42). Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. During the same quarter last year, the business posted $4.35 earnings per share. Vital Energy’s revenue was up 42.2% on a year-over-year basis. On average, analysts expect Vital Energy to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Vital Energy Stock Down 1.5 %

Vital Energy stock opened at $26.32 on Wednesday. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The firm’s 50-day simple moving average is $29.86 and its 200 day simple moving average is $40.28. The stock has a market cap of $964.89 million, a PE ratio of 1.09 and a beta of 3.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51.

Insider Activity at Vital Energy

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on VTLE shares. Mizuho cut their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. KeyCorp downgraded shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. BMO Capital Markets lowered their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company cut their target price on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Finally, Wolfe Research began coverage on shares of Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.83.

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.