Vital Energy (NYSE:VTLE) Announces Quarterly Earnings Results

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

Vital Energy Price Performance

NYSE VTLE opened at $31.42 on Friday. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The stock’s 50-day moving average is $32.63 and its two-hundred day moving average is $31.61. The firm has a market cap of $1.20 billion, a P/E ratio of -6.57 and a beta of 3.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VTLE. Wells Fargo & Company boosted their price target on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Truist Financial boosted their target price on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Mizuho increased 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. Finally, 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 research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.90.

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.