Q2 2024 EPS Estimates for Vital Energy, Inc. Reduced by Analyst (NYSE:VTLE)

Vital Energy, Inc. (NYSE:VTLE) – Capital One Financial decreased their Q2 2024 earnings estimates for Vital Energy in a report issued on Thursday, July 11th. Capital One Financial analyst B. Velie now anticipates that the company will post earnings per share of $1.80 for the quarter, down from their prior forecast of $2.04. The consensus estimate for Vital Energy’s current full-year earnings is $7.75 per share. Capital One Financial also issued estimates for Vital Energy’s Q3 2024 earnings at $2.50 EPS, Q4 2024 earnings at $2.28 EPS, FY2024 earnings at $8.42 EPS, Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.60 EPS, Q3 2025 earnings at $2.62 EPS and Q4 2025 earnings at $2.69 EPS.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The company had revenue of $482.34 million for the quarter, compared to analyst estimates of $454.97 million.

A number of other research analysts have also weighed in on VTLE. Stifel Nicolaus raised their price target on shares of Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. KeyCorp lifted their price objective on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Mizuho lifted their price objective on shares of Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company lowered their price objective on shares of Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th. Finally, Piper Sandler lowered their price objective on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $59.30.

Vital Energy Stock Down 0.4 %

VTLE opened at $46.07 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50-day moving average is $46.00 and its 200 day moving average is $47.79. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The firm has a market capitalization of $1.69 billion, a P/E ratio of 1.91 and a beta of 3.23.

Institutional Trading of Vital Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in Vital Energy by 42.0% during 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 in the last quarter. ORG Partners LLC grew its stake in Vital Energy by 100.0% during the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after acquiring an additional 285 shares in the last quarter. GAMMA Investing LLC grew its stake in Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares in the last quarter. ProShare Advisors LLC grew its stake in Vital Energy by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after acquiring an additional 324 shares in the last quarter. Finally, CWM LLC grew its stake in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. 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.