Vital Energy (VTLE) Set to Announce Quarterly Earnings on Wednesday

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

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. The firm had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. During the same quarter in the prior year, the business earned $3.49 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. 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 Stock Up 3.5 %

VTLE opened at $53.45 on Tuesday. 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 company has a fifty day moving average of $52.44 and a two-hundred day moving average of $47.97. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 1.63 and a beta of 3.23. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87.

Wall Street Analysts Forecast Growth

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

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.