Vital Energy (NYSE:VTLE) Announces Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Vital Energy (NYSE:VTLE) released its quarterly earnings data on Wednesday. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15, Briefing.com reports. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. 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 prior year, the firm posted $5.16 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis.

Vital Energy Stock Down 1.0 %

Vital Energy stock traded down $0.32 during midday trading on Friday, hitting $30.23. The stock had a trading volume of 82,675 shares, compared to its average volume of 917,093. The business has a fifty day moving average price of $28.65 and a 200 day moving average price of $39.18. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a market cap of $1.15 billion, a P/E ratio of 2.14 and a beta of 3.16. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VTLE shares. Mizuho reduced their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. BMO Capital Markets decreased their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Piper Sandler lowered their price target on shares of Vital Energy from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Truist Financial decreased their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.83.

Insiders Place Their Bets

In other news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the purchase, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at $6,411,373.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Vital Energy news, CEO M. Jason Pigott bought 2,500 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought 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 approximately $6,411,373.65. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the completion of the transaction, the chief operating officer now directly owns 29,091 shares of the company’s stock, valued at $879,130.02. This trade represents a 0.00 % 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 valued at $502,017 in the last quarter. 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.