Vital Energy, Inc. (NYSE:VTLE) Forecasted to Earn Q2 2023 Earnings of $4.67 Per Share

Posted by on Jun 24th, 2023

Vital Energy, Inc. (NYSE:VTLE – Get Rating) – Equities research analysts at Seaport Res Ptn upped their Q2 2023 earnings per share (EPS) estimates for Vital Energy in a report released on Wednesday, June 21st. Seaport Res Ptn analyst N. Pope now forecasts that the company will post earnings of $4.67 per share for the quarter, up from their prior forecast of $4.11. The consensus estimate for Vital Energy’s current full-year earnings is $18.88 per share. Seaport Res Ptn also issued estimates for Vital Energy’s Q3 2023 earnings at $4.72 EPS, Q4 2023 earnings at $4.63 EPS, Q1 2024 earnings at $3.95 EPS, Q2 2024 earnings at $3.70 EPS, Q3 2024 earnings at $3.63 EPS, Q4 2024 earnings at $3.72 EPS and FY2024 earnings at $14.98 EPS.

VTLE has been the subject of several other reports. Raymond James upped their price objective on Vital Energy from $59.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 21st. Stifel Nicolaus increased their target price on shares of Vital Energy from $110.00 to $112.00 in a report on Monday, May 22nd. Mizuho decreased their price target on shares of Vital Energy from $53.00 to $49.00 in a report on Friday, May 19th. Finally, Piper Sandler dropped their price objective on shares of Vital Energy from $50.00 to $45.00 in a research note on Tuesday, June 13th.

Vital Energy Stock Performance

Shares of VTLE stock opened at $41.90 on Friday. Vital Energy has a fifty-two week low of $39.74 and a fifty-two week high of $90.45. The firm has a fifty day simple moving average of $44.16. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $779.21 million, a P/E ratio of 0.85 and a beta of 3.37.

Vital Energy (NYSE:VTLE – Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $4.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.19). The company had revenue of $332.51 million during the quarter, compared to the consensus estimate of $328.67 million. Vital Energy had a net margin of 48.36% and a return on equity of 34.78%. The company’s quarterly revenue was down 37.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.17 earnings per share.

Insider Activity

In other news, Director Edmund P. Segner III sold 1,155 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $44.00, for a total value of $50,820.00. Following the transaction, the director now directly owns 14,328 shares of the company’s stock, valued at approximately $630,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Vital Energy Company Profile

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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.

Further Reading

Earnings History and Estimates for Vital Energy (NYSE:VTLE)

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