Vital Energy, Inc. (NYSE:VTLE) to Post Q3 2024 Earnings of $2.01 Per Share, Capital One Financial Forecasts

Vital Energy, Inc. (NYSE:VTLE) – Research analysts at Capital One Financial dropped their Q3 2024 earnings per share (EPS) estimates for shares of Vital Energy in a research note issued to investors on Thursday, August 15th. Capital One Financial analyst B. Velie now expects that the company will post earnings of $2.01 per share for the quarter, down from their prior forecast of $2.50. The consensus estimate for Vital Energy’s current full-year earnings is $8.70 per share. Capital One Financial also issued estimates for Vital Energy’s FY2024 earnings at $8.32 EPS, Q1 2025 earnings at $2.61 EPS, Q2 2025 earnings at $2.55 EPS, Q3 2025 earnings at $2.52 EPS, Q4 2025 earnings at $2.52 EPS and FY2025 earnings at $10.20 EPS.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The company had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. During the same period last year, the firm posted $4.35 EPS. The company’s revenue for the quarter was up 42.2% compared to the same quarter last year.

Other analysts have also issued research reports about the stock. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday. Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target on the stock. Mizuho lifted their price target on Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Piper Sandler decreased their price objective 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. Finally, Stifel Nicolaus lifted their target price on shares of Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.82.

Vital Energy Stock Performance

NYSE VTLE opened at $36.27 on Monday. The company’s 50 day moving average is $42.44 and its 200-day moving average is $47.32. The firm has a market cap of $1.33 billion, a P/E ratio of 1.50 and a beta of 3.22. Vital Energy has a 12-month low of $36.09 and a 12-month high of $62.87. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75.

Institutional Trading of Vital Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its holdings in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Vital Energy in the 4th quarter worth about $33,000. Quadrant Capital Group LLC lifted its holdings in shares of Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the last quarter. nVerses Capital LLC grew its position in Vital Energy by 100.0% in the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after acquiring an additional 900 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Vital Energy during the 2nd quarter valued at approximately $147,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vital Energy

In related news, CEO M. Jason Pigott acquired 2,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the transaction, the chief executive officer now directly owns 169,389 shares in the company, valued at $6,411,373.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

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.