Brokers Set Expectations for Vital Energy FY2024 Earnings

Vital Energy, Inc. (NYSE:VTLE) – Equities researchers at Capital One Financial lowered their FY2024 earnings estimates for Vital Energy in a research note issued to investors on Monday, November 18th. Capital One Financial analyst B. Velie now anticipates that the company will earn $6.87 per share for the year, down from their previous forecast of $7.60. The consensus estimate for Vital Energy’s current full-year earnings is $6.90 per share. Capital One Financial also issued estimates for Vital Energy’s Q4 2024 earnings at $1.96 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $1.51 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $6.18 EPS and FY2026 earnings at $5.47 EPS.

VTLE has been the topic of a number of other reports. Truist Financial dropped their price objective 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. Mizuho dropped their price objective on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company raised their price objective on shares of Vital Energy from $29.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Finally, KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vital Energy presently has an average rating of “Hold” and a consensus target price of $47.09.

Vital Energy Trading Up 0.9 %

Shares of NYSE VTLE opened at $32.80 on Wednesday. Vital Energy has a twelve month low of $25.85 and a twelve month high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average is $28.84 and its 200-day moving average is $37.63. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 2.30 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The company had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $5.16 earnings per share.

Institutional Trading of Vital Energy

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC raised its position in shares of Vital Energy by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after buying an additional 324 shares in the last quarter. Arizona State Retirement System raised its position in shares of Vital Energy by 5.4% in the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after buying an additional 342 shares in the last quarter. Versor Investments LP raised its position in shares of Vital Energy by 2.8% in the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company’s stock valued at $401,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Vital Energy by 2.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after buying an additional 409 shares in the last quarter. Finally, CWM LLC increased its position in Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Insider Activity

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the completion of the sale, the chief operating officer now owns 29,091 shares of the company’s stock, valued at $879,130.02. The trade was a 6.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the sale, the chief financial officer now directly owns 77,516 shares of the company’s stock, valued at $2,212,306.64. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock valued at $502,017 in the last quarter. Company insiders own 1.20% 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.