Vital Energy (VTLE) Scheduled to Post Earnings on Wednesday

Vital Energy (NYSE:VTLE - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.58 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The company had revenue of $476.37 million for the quarter, compared to analyst estimates of $468.76 million. During the same quarter in the prior year, the business posted $4.35 EPS. The business's quarterly revenue was up 42.2% compared to the same quarter last year. On average, analysts expect Vital Energy to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Vital Energy Stock Performance

NYSE:VTLE traded up $0.91 during mid-day trading on Wednesday, reaching $27.23. 253,082 shares of the company's stock were exchanged, compared to its average volume of 914,773. Vital Energy has a one year low of $25.85 and a one year high of $58.30. The business's fifty day simple moving average is $29.86 and its two-hundred day simple moving average is $40.28. The firm has a market capitalization of $998.25 million, a PE ratio of 1.09 and a beta of 3.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51.

Insider Activity at Vital Energy

In related news, CEO M. Jason Pigott bought 2,500 shares of the company's stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO M. Jason Pigott acquired 2,500 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the purchase, the chief executive officer now directly owns 169,389 shares of the company's stock, valued at $6,411,373.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,168 shares of company stock valued at $502,017. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VTLE shares. JPMorgan Chase & Co. lowered 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. Truist Financial dropped their price target 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. BMO Capital Markets dropped their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. Mizuho reduced their price objective on shares of Vital Energy from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler reduced their target price on shares of Vital Energy from $38.00 to $37.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy currently has a consensus rating of "Hold" and a consensus price target of $47.83.

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.