Capital One Financial Comments on Vital Energy, Inc.’s Q3 2024 Earnings (NYSE:VTLE)

Vital Energy, Inc. (NYSE:VTLE) – Capital One Financial lowered their Q3 2024 EPS estimates for Vital Energy in a note issued to investors on Tuesday, October 8th. Capital One Financial analyst B. Velie now anticipates that the company will post earnings per share of $1.71 for the quarter, down from their prior forecast of $1.84. The consensus estimate for Vital Energy’s current full-year earnings is $6.61 per share. Capital One Financial also issued estimates for Vital Energy’s Q3 2024 earnings at $1.71 EPS, Q4 2024 earnings at $2.58 EPS and FY2024 earnings at $7.60 EPS.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $468.76 million. During the same period last year, the firm earned $4.35 EPS. The business’s quarterly revenue was up 42.2% on a year-over-year basis.

A number of other equities research analysts have also weighed in on VTLE. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Bank of America reaffirmed an “underperform” rating and issued a $46.00 price target on shares of Vital Energy in a report on Friday, June 14th. Mizuho decreased their price objective on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday. BMO Capital Markets dropped their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Finally, Wells Fargo & Company reduced their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $47.92.

Vital Energy Stock Up 2.0 %

Shares of Vital Energy stock opened at $29.65 on Thursday. Vital Energy has a 1-year low of $25.94 and a 1-year high of $58.30. The company has a market capitalization of $1.09 billion, a PE ratio of 1.23 and a beta of 3.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50-day moving average of $32.36 and a 200-day moving average of $42.86.

Institutional Investors Weigh In On Vital Energy

Several institutional investors have recently bought and sold shares of VTLE. CWM LLC raised its stake in shares of Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Vital Energy by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Vital Energy in the 2nd quarter worth approximately $147,000. Finally, Range Financial Group LLC acquired a new position in shares of Vital Energy in the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Insider Buying and Selling

In other news, CEO M. Jason Pigott acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $37.85 per share, with a total value of $94,625.00. Following the acquisition, the chief executive officer now directly owns 169,389 shares in the company, valued at approximately $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the transaction, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the sale, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 in the last three months. 1.20% of the stock is owned by insiders.

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.