Vital Energy (VTLE) to Release Quarterly Earnings on Wednesday

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

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

Shares of VTLE opened at $26.32 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The firm’s 50 day moving average is $29.86 and its 200-day moving average is $40.28. The stock has a market capitalization of $964.89 million, a PE ratio of 1.09 and a beta of 3.16.

Analysts Set New Price Targets

A number of equities analysts have commented on VTLE shares. Wolfe Research initiated coverage on Vital Energy in a research note on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective on the stock. Truist Financial decreased their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Piper Sandler cut their price objective on shares of Vital Energy from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their target price 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, BMO Capital Markets cut their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and an average target price of $47.83.

Insiders Place Their Bets

In related news, CFO Bryan Lemmerman sold 10,000 shares of the business’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 sale, the chief financial officer now owns 77,516 shares in the company, valued at $2,212,306.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Mark David Denny sold 5,145 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $155,481.90. Following the completion of the transaction, the executive vice president now owns 26,358 shares of the company’s stock, valued at $796,538.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction that occurred 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 sale, the chief financial officer now owns 77,516 shares in the company, valued at approximately $2,212,306.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is currently owned by insiders.

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.