FY2024 EPS Estimates for Vital Energy Cut by Analyst

Vital Energy, Inc. (NYSE:VTLE - Free Report) - Equities researchers at Capital One Financial dropped their FY2024 EPS estimates for shares of Vital Energy in a note issued to investors on Monday, November 18th. Capital One Financial analyst B. Velie now forecasts that the company will earn $6.87 per share for the year, down from their prior forecast of $7.60. The consensus estimate for Vital Energy's current full-year earnings is $6.87 per share. Capital One Financial also issued estimates for Vital Energy's Q4 2024 earnings at $1.96 EPS, Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $1.51 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $1.38 EPS, FY2025 earnings at $6.18 EPS and FY2026 earnings at $5.47 EPS.

Several other brokerages also recently weighed in on VTLE. Truist Financial dropped their target price on Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. cut their price target on shares of Vital Energy from $45.00 to $31.00 and set an "underweight" rating for the company in a report on Thursday, September 12th. Wells Fargo & Company lifted their target price on shares of Vital Energy from $29.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday. BMO Capital Markets lowered their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Finally, KeyCorp downgraded Vital Energy from an "overweight" rating to a "sector weight" rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Vital Energy currently has an average rating of "Hold" and an average price target of $48.17.

Vital Energy Price Performance

VTLE stock traded up $0.54 during midday trading on Wednesday, hitting $31.77. The company's stock had a trading volume of 145,826 shares, compared to its average volume of 911,887. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 2.19 and a beta of 3.16. The company has a 50 day moving average of $28.60 and a two-hundred day moving average of $37.70. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The firm had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. During the same period last year, the business posted $5.16 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis.

Insider Activity at Vital Energy

In related news, COO Kathryn Anne Hill sold 2,023 shares of the firm's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares of the company's stock, valued at $879,130.02. This trade represents a 6.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the transaction, the chief financial officer now owns 77,516 shares of the company's stock, valued at approximately $2,212,306.64. This trade represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,168 shares of company stock worth $502,017. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Vital Energy

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC boosted its holdings in Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company's stock valued at $26,000 after acquiring an additional 465 shares during the period. First Horizon Advisors Inc. acquired a new stake in Vital Energy in the 3rd quarter worth about $26,000. nVerses Capital LLC grew its holdings in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company's stock worth $81,000 after purchasing an additional 900 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company's stock valued at $54,000 after buying an additional 1,943 shares during the period. Finally, Signaturefd LLC boosted its holdings in Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company's stock valued at $63,000 after purchasing an additional 1,630 shares during the last quarter. Hedge funds and other 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.