Vital Energy (NYSE:VTLE) Issues Earnings Results, Beats Expectations By $0.27 EPS

Vital Energy (NYSE:VTLE - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.27, Zacks reports. The firm had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a positive return on equity of 9.32% and a negative net margin of 8.89%.

Vital Energy Trading Down 6.9 %

NYSE:VTLE traded down $2.14 during trading hours on Friday, reaching $28.77. 1,862,599 shares of the company were exchanged, compared to its average volume of 873,626. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -6.06 and a beta of 3.12. Vital Energy has a 52-week low of $25.85 and a 52-week high of $58.30. The stock has a 50 day simple moving average of $32.58 and a 200 day simple moving average of $31.55.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VTLE. Truist Financial cut their price target on Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a report on Friday. Mizuho boosted their target price on shares of Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Piper Sandler raised their price target on shares of Vital Energy from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Finally, Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.70.

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.