Vital Energy (NYSE:VTLE) Issues Earnings Results

Vital Energy (NYSE:VTLE) released its earnings results on Wednesday. The company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.27, Zacks reports. The company had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a positive return on equity of 9.32% and a negative net margin of 8.89%.

Vital Energy Price Performance

Shares of VTLE stock opened at $31.42 on Friday. The firm has a fifty day simple moving average of $32.63 and a 200-day simple moving average of $31.61. The company has a market capitalization of $1.20 billion, a PE ratio of -6.57 and a beta of 3.12. Vital Energy has a twelve month low of $25.85 and a twelve month high of $58.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial raised their price target on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Piper Sandler increased their price objective on Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Mizuho raised their target price on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $45.90.

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.