Vital Energy (NYSE:VTLE) Posts Earnings Results, Beats Expectations By $0.26 EPS

Vital Energy (NYSE:VTLE - Get Free Report) announced its earnings results on Monday. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.26, Zacks reports. The company had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 earnings per share.

Vital Energy Price Performance

Shares of Vital Energy stock opened at $16.93 on Tuesday. The stock has a market cap of $655.03 million, a price-to-earnings ratio of -3.56 and a beta of 1.53. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The stock has a 50 day moving average price of $17.46 and a 200-day moving average price of $26.40. Vital Energy has a one year low of $12.30 and a one year high of $51.71.

Insider Transactions at Vital Energy

In other Vital Energy news, major shareholder Richard D. Campbell acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now directly owns 43,072 shares in the company, valued at $764,528. The trade was a 13.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kathryn Anne Hill sold 5,673 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $117,601.29. Following the completion of the sale, the chief operating officer now owns 46,413 shares of the company's stock, valued at $962,141.49. This represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,647 shares of company stock worth $448,742. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VTLE has been the topic of several recent analyst reports. Bank of America decreased their target price on Vital Energy from $33.00 to $27.00 and set an "underperform" rating on the stock in a research note on Tuesday, April 1st. Raymond James reduced their price objective on Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company reduced their price objective on Vital Energy from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price objective on Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Finally, Citigroup downgraded Vital Energy to a "reduce" rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.36.

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.