Vital Energy (NYSE:VTLE) Releases Earnings Results, Beats Estimates By $0.15 EPS

Vital Energy (NYSE:VTLE - Get Free Report) released its earnings results on Wednesday. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15, Briefing.com reports. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same quarter last year, the firm earned $5.16 EPS. The firm's quarterly revenue was up 5.4% compared to the same quarter last year.

Vital Energy Stock Up 5.0 %

VTLE stock traded up $1.46 during midday trading on Thursday, hitting $30.54. The stock had a trading volume of 1,452,055 shares, compared to its average volume of 920,957. The business has a 50-day moving average of $28.78 and a two-hundred day moving average of $39.24. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 3.39 and a beta of 3.16. Vital Energy has a 52-week low of $25.85 and a 52-week high of $58.30.

Insider Buying and Selling at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of the business's stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the completion of 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy 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 completion of the transaction, the chief financial officer now directly owns 77,516 shares of the company's stock, valued at approximately $2,212,306.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 price of $37.85 per share, with a total value of $94,625.00. Following the completion of the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VTLE has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Vital Energy from $41.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. Piper Sandler decreased their target price on shares of Vital Energy from $38.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Truist Financial lowered their price target on shares of Vital Energy from $66.00 to $48.00 and set a "buy" rating for the company in a report 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 on the stock in a report on Thursday, September 12th. Finally, BMO Capital Markets lowered their price objective 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. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.