Vital Energy Inc reports results for the quarter ended in June - Earnings Summary

Vital Energy

09/08/2023 09:53

* Vital Energy Inc  VTLE.N  reported quarterly adjusted
earnings
of $4.35​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
$3.96 per share.
    * Revenue fell 40.2% to $335.06 million from a year ago;
analysts
expected $343.97 million. 
    * Vital Energy Inc's reported EPS for the quarter was
$16.30​.
    * The mean earnings estimate of analysts had fallen by
about 21.7%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Vital Energy Inc shares had risen by 21.0% this
quarter and
gained 6.2% so far this year.
    * The company reported quarterly net income of $294.81
million.
    * Wall Street's median 12-month price target for Vital
Energy Inc
is $55.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 08:53 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      3.96           4.35           Beat
 Mar. 31 2023      4.58           4.50           Missed
 Dec. 31 2022      3.86           3.49           Missed
 Sep. 30 2022      6.22           5.30           Missed