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

Vital Energy

07/08/2024 23:44

* Vital Energy Inc  VTLE.N  reported quarterly adjusted
earnings
of $1.46​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$4.35.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.84 per share. Wall Street
expected results to range from $1.67  to $2.27 per share.
    * Revenue rose 42.2% to $476.37 million from a year ago;
analysts
expected $472.88 million. 
    * Vital Energy Inc's reported EPS for the quarter was 98
cents​.
    * The company reported quarterly net income of $36.4
million.
    * Vital Energy Inc shares had fallen by 17.9% this
quarter and
lost 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Vital Energy Inc
is $59.00 
This summary was machine generated from LSEG data August 7 at
10:44 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.84           1.46           Missed
 Mar. 31 2024      1.97           1.84           Missed
 Dec. 31 2023      2.43           2.55           Beat
 Sep. 30 2023      5.46           5.16           Missed