Vital Energy Inc reports results for the quarter ended March 31 - Earnings Summary

• Vital Energy Inc VTLE.N reported quarterly adjusted earnings of $2.37​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.84. The mean expectation of twelve analysts for the quarter was for earnings of $2.12 per share. Wall Street expected results to range from $1.51 to $2.49 per share.

• Revenue rose 6.2% to $512.18 million from a year ago; analysts expected $535.05 million.

• Vital Energy Inc's reported EPS for the quarter was a loss of 50 cents​.

• The company reported a quarterly loss of $18.84 million.

• Vital Energy Inc shares had fallen by 24.4% this quarter and lost 48.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.3% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 8 "hold" and 2 "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 $23.00

This summary was machine generated from LSEG data May 12 at 10:31 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)