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

Vital Energy

02/11/2023 22:36

* Vital Energy Inc  VTLE.N  reported quarterly adjusted
earnings
of $5.16​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $5.30.  The mean expectation of nine analysts for the quarter
was for earnings of $5.46 per share. Wall Street expected
results to range from $4.60  to $6.59 per share.
    * Revenue fell 6.2% to $435.51 million from a year ago;
analysts
expected $402.40 million. 
    * Vital Energy Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $4.89
million.
    * Vital Energy Inc shares had fallen by 11.3% this
quarter and
lost 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Vital Energy Inc
is $67.00 
This summary was machine generated from LSEG data November 2 at
10:35 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      5.46           5.16           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