Q3 2024 EPS Estimates for Vital Energy, Inc. (NYSE:VTLE) Reduced by Analyst

Vital Energy, Inc. (NYSE:VTLE) – Investment analysts at Capital One Financial lowered their Q3 2024 EPS estimates for shares of Vital Energy in a research note issued on Tuesday, September 17th. Capital One Financial analyst B. Velie now expects that the company will earn $1.84 per share for the quarter, down from their previous forecast of $2.01. The consensus estimate for Vital Energy’s current full-year earnings is $6.27 per share. Capital One Financial also issued estimates for Vital Energy’s FY2024 earnings at $7.77 EPS.

Vital Energy (NYSE:VTLE) last released its quarterly 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). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The firm had revenue of $476.37 million for the quarter, compared to analyst estimates of $468.76 million. During the same quarter last year, the company earned $4.35 earnings per share. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis.

Several other research firms have also commented on VTLE. Bank of America restated an “underperform” rating and issued a $46.00 price objective on shares of Vital Energy in a report on Friday, June 14th. JPMorgan Chase & Co. dropped their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Piper Sandler reduced their price objective on Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Mizuho lowered their target price on Vital Energy from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Truist Financial reduced their price target on Vital Energy from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Vital Energy presently has a consensus rating of “Hold” and an average price target of $52.45.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $29.62 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.17. The business has a 50-day moving average of $37.57 and a 200 day moving average of $45.31. Vital Energy has a 12 month low of $26.02 and a 12 month high of $58.30.

Insider Transactions at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott bought 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $37.85 per share, with a total value of $94,625.00. Following the transaction, the chief executive officer now owns 169,389 shares of the company’s stock, valued at $6,411,373.65. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors and hedge funds have recently bought and sold shares of VTLE. Quadrant Capital Group LLC boosted its holdings in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the period. GAMMA Investing LLC grew its position in Vital Energy by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares during the last quarter. ProShare Advisors LLC increased its stake in Vital Energy by 7.3% in the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after purchasing an additional 324 shares during the period. Arizona State Retirement System raised its holdings in shares of Vital Energy by 5.4% in the second 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 during the last quarter. Finally, CWM LLC boosted its stake in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.