Vital Energy, Inc. (NYSE:VTLE) Expected to Earn Q4 2024 Earnings of $2.62 Per Share

Vital Energy, Inc. (NYSE:VTLE) – Equities researchers at Capital One Financial dropped their Q4 2024 earnings estimates for Vital Energy in a note issued to investors on Tuesday, September 17th. Capital One Financial analyst B. Velie now anticipates that the company will earn $2.62 per share for the quarter, down from their previous estimate of $3.00. The consensus estimate for Vital Energy’s current full-year earnings is $6.27 per share. Capital One Financial also issued estimates for Vital Energy’s Q1 2025 earnings at $2.17 EPS, Q2 2025 earnings at $1.95 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.89 EPS, FY2025 earnings at $7.94 EPS and FY2026 earnings at $7.52 EPS.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The firm had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. During the same period last year, the company earned $4.35 earnings per share. The business’s revenue for the quarter was up 42.2% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. Mizuho cut their price objective on Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Wolfe Research started coverage on shares of Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target on the stock. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Bank of America restated an “underperform” rating and issued a $46.00 target price on shares of Vital Energy in a research note on Friday, June 14th. Finally, Piper Sandler reduced their target price on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and an average price target of $52.45.

Vital Energy Trading Down 2.1 %

VTLE opened at $29.74 on Friday. Vital Energy has a one year low of $26.02 and a one year high of $58.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.17. The stock’s 50 day moving average price is $36.71 and its 200-day moving average price is $44.97.

Institutional Trading of Vital Energy

A number of institutional investors have recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new stake in shares of Vital Energy during the 2nd quarter valued at $64,690,000. Victory Capital Management Inc. raised its stake in Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after buying an additional 481,248 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after acquiring an additional 282,574 shares in the last quarter. Thomist Capital Management LP acquired a new stake in Vital Energy in the second quarter worth about $10,443,000. Finally, Webs Creek Capital Management LP purchased a new stake in shares of Vital Energy during the first quarter worth about $7,619,000. 86.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO M. Jason Pigott purchased 2,500 shares of Vital Energy stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, with a total value of $94,625.00. Following the transaction, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.