Vital Energy (NYSE:VTLE) Releases Earnings Results, Beats Estimates By $0.27 EPS

Vital Energy (NYSE:VTLE) issued its quarterly earnings results on Wednesday. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27, Zacks reports. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%.

Vital Energy Stock Performance

VTLE opened at $35.11 on Thursday. The company has a market cap of $1.34 billion, a PE ratio of 2.46 and a beta of 3.12. The stock has a 50-day moving average of $32.65 and a 200-day moving average of $31.61. Vital Energy has a 52-week low of $25.85 and a 52-week high of $58.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Wall Street Analyst Weigh In

VTLE has been the topic of a number of research analyst reports. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Mizuho lifted their price target on Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Truist Financial boosted their target price on Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Wells Fargo & Company boosted their target price 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. Finally, Piper Sandler boosted their target price on Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.