Capital One Financial Analysts Reduce Earnings Estimates for Vital Energy, Inc. (NYSE:VTLE)

Vital Energy, Inc. (NYSE:VTLE) – Investment analysts at Capital One Financial reduced their Q3 2024 earnings per share estimates for Vital Energy in a report released on Tuesday, September 17th. Capital One Financial analyst B. Velie now anticipates that the company will earn $1.84 per share for the quarter, down from their prior estimate of $2.01. 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 FY2024 earnings at $7.77 EPS.

Vital Energy (NYSE:VTLE) last issued 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). The business had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.35 EPS.

VTLE has been the topic of a number of other research reports. Wells Fargo & Company reduced their target price on Vital Energy from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Bank of America reaffirmed an “underperform” rating and set a $46.00 target price on shares of Vital Energy in a report on Friday, June 14th. Mizuho reduced their target price on Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Truist Financial reduced their target price on Vital Energy from $69.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.45.

Vital Energy Trading Down 2.1 %

Shares of VTLE opened at $29.75 on Thursday. The company has a market capitalization of $1.09 billion, a P/E ratio of 1.23 and a beta of 3.17. 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 50-day moving average price of $37.01 and a 200 day moving average price of $45.10.

Insider Transactions at Vital Energy

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

Institutional Trading of Vital Energy

Large investors have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC increased its position in Vital Energy by 52.8% in the 4th quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock valued at $5,156,000 after acquiring an additional 39,147 shares during the period. First Eagle Investment Management LLC boosted its stake in Vital Energy by 29.3% during the 1st quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company’s stock valued at $10,913,000 after purchasing an additional 47,100 shares in the last quarter. Pinnacle Holdings LLC bought a new position in Vital Energy during the 4th quarter valued at $826,000. Fisher Asset Management LLC boosted its stake in Vital Energy by 56.9% during the 4th quarter. Fisher Asset Management LLC now owns 52,852 shares of the company’s stock valued at $2,404,000 after purchasing an additional 19,165 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Vital Energy during the 4th quarter valued at $1,729,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.