Streetbeat News

VTLE

Vital Energy, Inc.

Industry

Oil & Gas Exploration & Production

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. Vital Energy, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.

Open

20.00

Mkt cap

809M

Volume

1.4M

High

21.22

P/E Ratio

-4.48

52-wk high

58.30

Low

19.85

Div yield

N/A

52-wk low

19.85

Vital Energy (NYSE:VTLE) reported Q2 adjusted earnings of $4.35 per share, missing the analyst consensus estimate of $4.38 by 0.68 percent. The company's quarterly sales were $335.06 million, missing the analyst consensus estimate of $344.16 million by 2.64 percent. This represents a 40.18 percent decrease over sales of $560.16 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:24 pm

Jim Cramer, host of CNBC's 'Mad Money Lightning Round', recommended buying Zimmer Biomet Holdings (ZBH) and Take-Two Interactive Software (TTWO), while expressing skepticism about Vital Energy (VTLE) and suggesting to sell Activision Blizzard (ATVI). He also showed support for HighPeak Energy (HPK), despite some hedge funds shorting it.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 12:42 pm

Stifel analyst Derrick Whitfield has maintained a 'Buy' rating on Vital Energy (NYSE:VTLE) and raised the price target from $112 to $119.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:50 pm

Raymond James analyst John Freeman has maintained an 'Outperform' rating on Vital Energy (NYSE:VTLE) but lowered the price target from $68 to $54.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 2:23 pm

Analysts have provided mixed ratings for Vital Energy (NYSE:VTLE) within the last quarter, with 2 bullish, 1 somewhat bullish, 3 indifferent, and 2 somewhat bearish. The average 12-month price target for Vital Energy is $68.12, a decrease of 0.38% from the previous average price target of $68.38.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 1:01 pm

Mizuho analyst Nitin Kumar maintains an Underperform rating on Vital Energy (NYSE:VTLE) and raises the price target from $49 to $54.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:39 am

Vital Energy has reported that its Q2 production exceeded the high-end of its guidance, and its capital investments were below guidance. The company has also increased its expectations for full-year 2023 production due to strong Q2 performance.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 8:52 pm

Piper Sandler analyst Mark Lear maintains a Neutral rating on Vital Energy (NYSE:VTLE) and lowers the price target from $50 to $45.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:33 pm

Stifel analyst Derrick Whitfield maintains a Buy rating on Vital Energy (NYSE:VTLE) and raises the price target from $110 to $112.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 11:25 am

Mizuho analyst Nitin Kumar maintains an Underperform rating on Vital Energy (NYSE:VTLE) and lowers the price target from $53 to $49.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 11:05 am

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