Capital One Financial Forecasts Vital Energy FY2024 Earnings

Vital Energy, Inc. (NYSE:VTLE) – Capital One Financial lowered their FY2024 earnings per share estimates for Vital Energy in a research note issued on Monday, November 18th. Capital One Financial analyst B. Velie now expects that the company will post earnings per share of $6.87 for the year, down from their prior estimate of $7.60. The consensus estimate for Vital Energy’s current full-year earnings is $6.87 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.

Several other research analysts have also commented on the stock. Piper Sandler decreased their price target on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company upped their target price on Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday. BMO Capital Markets cut 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. JPMorgan Chase & Co. lowered their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Finally, KeyCorp cut Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.09.

Vital Energy Stock Up 4.1 %

VTLE stock opened at $32.52 on Wednesday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 2.28 and a beta of 3.16. Vital Energy has a 1-year low of $25.85 and a 1-year high of $58.30. The firm has a fifty day moving average price of $28.72 and a two-hundred day moving average price of $37.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. During the same period in the previous year, the business earned $5.16 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis.

Insider Activity at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction dated 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 $2,212,306.64. This trade represents a 11.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now directly owns 29,091 shares in the company, valued at approximately $879,130.02. The trade was a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,168 shares of company stock worth $502,017 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. acquired a new stake in Vital Energy during the 2nd quarter worth about $64,690,000. Victory Capital Management Inc. raised its holdings in shares of Vital Energy by 800.9% during the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after acquiring an additional 481,248 shares during the period. Tributary Capital Management LLC purchased a new stake in shares of Vital Energy in the 3rd quarter valued at approximately $7,945,000. Dimensional Fund Advisors LP boosted its stake in Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after purchasing an additional 282,574 shares during the period. Finally, Thomist Capital Management LP purchased a new position in Vital Energy during the 2nd quarter worth approximately $10,443,000. Institutional investors 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.