Analysts Issue Forecasts for Vital Energy FY2024 Earnings

Vital Energy, Inc. (NYSE:VTLE - Free Report) - Capital One Financial raised their FY2024 earnings estimates for Vital Energy in a research note issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the company will post earnings per share of $6.88 for the year, up from their prior forecast of $6.87. The consensus estimate for Vital Energy's current full-year earnings is $6.93 per share. Capital One Financial also issued estimates for Vital Energy's Q2 2025 earnings at $2.26 EPS, Q3 2025 earnings at $2.23 EPS, Q4 2025 earnings at $2.21 EPS and FY2025 earnings at $9.14 EPS.

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 the consensus estimate of $1.46 by $0.15. The business had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.16 EPS.

VTLE has been the topic of several other reports. Piper Sandler reduced their price objective on Vital Energy from $35.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their price target on shares of Vital Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Mizuho cut their price objective on shares of Vital Energy from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. BMO Capital Markets lowered their target price on shares of 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, JPMorgan Chase & Co. raised their price objective on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $46.09.

Vital Energy Price Performance

Shares of VTLE traded up $0.41 during mid-day trading on Monday, reaching $36.05. 332,226 shares of the company's stock were exchanged, compared to its average volume of 783,371. Vital Energy has a 52-week low of $25.85 and a 52-week 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. The company has a 50-day simple moving average of $31.02 and a two-hundred day simple moving average of $33.56. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 2.52 and a beta of 3.16.

Institutional Investors Weigh In On Vital Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new position in Vital Energy in the 2nd quarter worth approximately $64,690,000. Tributary Capital Management LLC acquired a new stake in Vital Energy in the third quarter worth about $7,945,000. Dimensional Fund Advisors LP grew its position in Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock valued at $77,227,000 after buying an additional 282,574 shares in the last quarter. Thomist Capital Management LP acquired a new position in Vital Energy during the 2nd quarter valued at about $10,443,000. Finally, State Street Corp raised its position in shares of Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company's stock worth $47,214,000 after buying an additional 220,871 shares in the last quarter. Institutional investors and hedge funds 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.