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

Vital Energy (NYSE:VTLE) is scheduled to be posting its quarterly 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. Parties that are interested in participating in the company’s conference call can do so using this link.

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

Vital Energy stock opened at $51.65 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. Vital Energy has a 52-week low of $40.00 and a 52-week high of $62.87. The firm has a market cap of $1.89 billion, a PE ratio of 1.57 and a beta of 3.23. The company’s 50 day moving average is $52.44 and its two-hundred day moving average is $47.97.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Vital Energy from $51.00 to $57.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. Mizuho lifted their price objective on Vital Energy from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Piper Sandler cut their target price on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, KeyCorp lifted their price target on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.