Vital Energy, Inc.

Equities

VTLE

US5168062058

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-05-14 pm EDT			5-day change	1st Jan Change
49.37 ^USD	+2.07%		-7.89%	+8.53%

May. 14	Wells Fargo Adjusts Price Target on Vital Energy to $54 From $57, Maintains Equalweight Rating	MT
May. 13	Mizuho Adjusts Price Target on Vital Energy to $59 From $55, Keeps Neutral Rating	MT

Vital Energy, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

February 21, 2024 at 04:30 pm EST

Vital Energy, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 444.52 million compared to USD 364.13 million a year ago. Net income was USD 281.43 million compared to USD 118.22 million a year ago. Basic earnings per share from continuing operations was USD 10.04 compared to USD 7.19 a year ago. Diluted earnings per share from continuing operations was USD 9.44 compared to USD 7.13 a year ago.
For the full year, revenue was USD 1,547.6 million compared to USD 1,920.8 million a year ago. Net income was USD 695.08 million compared to USD 631.51 million a year ago. Basic earnings per share from continuing operations was USD 34.3 compared to USD 37.88 a year ago. Diluted earnings per share from continuing operations was USD 33.44 compared to USD 37.44 a year ago.

Latest news about Vital Energy, Inc.

Wells Fargo Adjusts Price Target on Vital Energy to $54 From $57, Maintains Equalweight Rating	May. 14	MT
Mizuho Adjusts Price Target on Vital Energy to $59 From $55, Keeps Neutral Rating	May. 13	MT
Truist Adjusts Vital Energy's Price Target to $75 From $77, Keeps Buy Rating	May. 10	MT
Transcript : Vital Energy, Inc., Q1 2024 Earnings Call, May 09, 2024	May. 09
Vital Energy Q1 Adjusted Income Declines, Revenue Rises	May. 08	MT
Earnings Flash (VTLE) VITAL ENERGY Reports Q1 Revenue $482.3M, vs. Street Est of $466M	May. 08	MT
Vital Energy, Inc. Provides Production Guidance for the Second Quarter and Reiterates Production Guidance for the Full Year of Fiscal Year 2024	May. 08	CI
Vital Energy, Inc. Reports Unaudited Production Results for the First Quarter Ended March 31, 2024	May. 08	CI
Vital Energy, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 08	CI
Stifel Adjusts Price Target on Vital Energy to $75 From $70, Maintains Buy Rating	Apr. 23	MT
KeyBanc Adjusts Price Target on Vital Energy to $63 From $55, Maintains Overweight Rating	Apr. 22	MT
Piper Sandler Adjusts Vital Energy Price Target to $52 From $54, Maintains Neutral Rating	Apr. 19	MT
Bureau of Land Management Finalizes Public Lands Rule Over Opposition From Mining, Energy Companies	Apr. 18	MT
Wells Fargo Raises Vital Energy's Price Target to $57 From $51, Maintains Equalweight Rating	Apr. 18	MT
Mizuho Securities Adjusts Price Target on Vital Energy to $55 From $54, Maintains Neutral Rating	Apr. 15	MT
JPMorgan Raises Vital Energy's Price Target to $51 From $48, Maintains Underweight Rating	Apr. 11	MT
Vital Energy Announces New Lender Under Existing Credit Facility	Apr. 03	MT
Vital Energy Raises Tender Offer Cap for 2030 Senior Notes, Extends Expiration Date	Apr. 01	MT
Sector Update: Energy Stocks Gain in Late Monday Afternoon Trading	Apr. 01	MT
Sector Update: Energy	Apr. 01	MT
Vital Energy Prices $200 Million Debt Offering	Apr. 01	MT
Vital Energy Announces Increase in Tender Cap for Senior Notes Due 2030	Apr. 01	CI
Vital Energy Prices Upsized Offering of $200.0 Million of Senior Notes	Apr. 01	CI
Sector Update: Energy Stocks Higher Pre-bell Monday	Apr. 01	MT
Sector Update: Energy	Apr. 01	MT

Chart Vital Energy, Inc.

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Company Profile

Vital Energy, Inc. is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas. The Company operates through a single segment, exploration and production. It has assembled 265,306 largely contiguous net acres in the Permian Basin, most of which is prospective for multi-zone development in Glasscock, Howard, Midland, Reagan, and Upton counties in the Midland Basin and Pecos, Reeves, and Ward counties in the Delaware Basin. The Company has purchased certain oil and gas properties in the Delaware Basin, including approximately 21,450 net acres located in Reeves County, 15,500 net acres located in Reeves County, and 24,000 net acres in Pecos, Reeves and Ward Counties. It has also purchased certain oil and natural gas properties in the Midland Basin, including approximately 11,200 net acres located in Upton and Reagan Counties.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-23 - Annual General Meeting

Related indices

Russell 2000

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Ratings for Vital Energy, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

48.37 USD

Average target price

70 USD

Spread / Average Target

+44.72%

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