Brokers Issue Forecasts for Vital Energy, Inc.’s Q1 2024 Earnings (NYSE:VTLE)

Vital Energy, Inc. (NYSE:VTLE – Get Rating) – Investment analysts at Seaport Res Ptn raised their Q1 2024 earnings estimates for Vital Energy in a research note issued to investors on Thursday, May 18th. Seaport Res Ptn analyst N. Pope now expects that the company will post earnings per share of $4.60 for the quarter, up from their prior estimate of $4.35. The consensus estimate for Vital Energy’s current full-year earnings is $21.86 per share. Seaport Res Ptn also issued estimates for Vital Energy’s Q2 2024 earnings at $4.36 EPS.

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

A number of other brokerages have also recently weighed in on VTLE. Raymond James raised their target price on shares of Vital Energy from $59.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, April 21st. Mizuho decreased their price objective on shares of Vital Energy from $53.00 to $49.00 in a research note on Friday. Stifel Nicolaus raised their price objective on shares of Vital Energy from $108.00 to $110.00 in a research note on Thursday, April 27th. Finally, Piper Sandler decreased their price objective on shares of Vital Energy from $57.00 to $50.00 in a research note on Thursday.

Vital Energy Stock Performance

Shares of NYSE:VTLE opened at $43.52 on Monday. The company has a market capitalization of $809.47 million, a PE ratio of 0.88 and a beta of 3.35. Vital Energy has a 1-year low of $39.74 and a 1-year high of $120.86. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.95. The business’s 50 day simple moving average is $45.70.

Vital Energy Company Profile

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Vital Energy, Inc engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.