Vital Energy (NYSE:VTLE) Posts Earnings Results, Beats Expectations By $0.27 EPS

Vital Energy (NYSE:VTLE) issued its quarterly earnings results on Wednesday. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27, Zacks reports. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%.

Vital Energy Stock Performance

Shares of NYSE VTLE traded up $0.24 during trading hours on Wednesday, reaching $35.11. The stock had a trading volume of 748,303 shares, compared to its average volume of 750,396. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 2.46 and a beta of 3.12. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The firm has a 50-day moving average of $32.58 and a 200-day moving average of $31.59.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Truist Financial boosted their price objective on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho boosted their price objective on Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company upped their price target on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.90.

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.