Vital Energy (NYSE:VTLE) Posts Earnings Results, Misses Estimates By $0.42 EPS

Vital Energy (NYSE:VTLE) issued its earnings results on Wednesday. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.42), Briefing.com reports. The business had revenue of $476.37 million for the quarter, compared to analyst estimates of $468.76 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. Vital Energy’s revenue was up 42.2% on a year-over-year basis. During the same period last year, the business posted $4.35 EPS.

Vital Energy Stock Performance

Shares of NYSE:VTLE traded down $0.27 during midday trading on Friday, hitting $37.56. The stock had a trading volume of 599,552 shares, compared to its average volume of 832,473. Vital Energy has a 1 year low of $36.53 and a 1 year high of $62.87. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $43.40 and a two-hundred day moving average price of $47.55. The company has a market capitalization of $1.38 billion, a PE ratio of 1.56 and a beta of 3.22.

Analyst Ratings Changes

VTLE has been the topic of a number of recent analyst reports. Mizuho increased their target price on shares of Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Bank of America reissued an “underperform” rating and issued a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Truist Financial cut 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. Piper Sandler reduced their price objective on Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Stifel Nicolaus raised their target price on shares of Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $57.09.

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.