Vital Energy (VTLE) to Release Quarterly Earnings on Wednesday

Vital Energy (NYSE:VTLE) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.92 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.44 by $0.11. The business had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.49 EPS. On average, analysts expect Vital Energy to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Vital Energy Price Performance

Shares of NYSE:VTLE opened at $53.02 on Wednesday. The business’s 50 day simple moving average is $52.20 and its 200-day simple moving average is $48.08. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 1.61 and a beta of 3.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. Vital Energy has a 12 month low of $40.00 and a 12 month high of $62.87.

Wall Street Analyst Weigh In

VTLE has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company boosted their price target on Vital Energy from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 18th. KeyCorp lifted their price objective on Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Piper Sandler cut their price objective on Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Truist Financial cut their price objective on Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.40.

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.