Vital Energy (VTLE) to Release Quarterly Earnings on Wednesday

Vital Energy (NYSE:VTLE) will release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Vital Energy to post earnings of $1.92 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The firm had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. During the same quarter in the prior year, the firm posted $3.49 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts expect Vital Energy to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Vital Energy Price Performance

Shares of VTLE stock opened at $51.65 on Monday. The stock has a 50 day moving average price of $52.44 and a 200 day moving average price of $47.97. Vital Energy has a 52-week low of $40.00 and a 52-week high of $62.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $1.89 billion, a P/E ratio of 1.57 and a beta of 3.23.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VTLE. Wells Fargo & Company boosted their target price on shares of Vital Energy from $51.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Truist Financial reduced their target price on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their price objective on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. Stifel Nicolaus increased their target price on shares of Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, KeyCorp lifted their price target on Vital Energy from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.40.

About Vital Energy

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.