A downtrend has been apparent in Vital Energy (VTLE) lately with too much selling pressure. The stock has declined 15.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, ...

Vital Energy, Inc. (NYSE:VTLE) Q2 2024 Results Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Ron Hagood - Vice President, Investor Relations Jason Pigott - President and Chief Executive Officer Katie Hill - Senior Vice President and Chief Operating Officer Conference Call Participants Neal Dingmann - Truist Securities Zach Parham - J.P. Morgan Paul Diamond - Citigroup Noah Hungness - Bank of America John Abbott - Wolfe Research Operator Good day, ladies and gentlemen, and welcome t ...

A downtrend has been apparent in Vital Energy (VTLE) lately with too much selling pressure. The stock has declined 15% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, fo ...

bjdlzx Vital Energy (NYSE:VTLE) has been making all these acquisitions lately, yet the profitability is not quite what management promised. The last article noted one more acquisition to improve profitability still more. Management even noted before they made that acquisition that they had raised the bar. Yet, the profits have not been what everyone expected. So, what exactly happened, and why is the profitability not yet what investors expected? Earnings Miss The website noted an expectation of earnings of ...

Core Viewpoint - Vital Energy reported quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.88 per share, and down from $4.35 per share a year ago, indicating a significant earnings surprise of -22.34% [1][2] Financial Performance - The company posted revenues of $476.37 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.24%, and up from $335.06 million year-over-year [2] - Over the last four quarters, Vital Energy has exceeded consensus revenue estimates four times [2] Stock Performance - Vital Energy shares have declined approximately 19.1% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.39 on revenues of $484.19 million, and for the current fiscal year, it is $8.70 on revenues of $1.9 billion [7] - The estimate revisions trend for Vital Energy is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Alternative Energy - Other industry, to which Vital Energy belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges ahead [8]

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Production and Sales Performance - Vital Energy reported record quarterly total production of 129.4 MBOE/d and oil production of 59.2 MBO/d in Q2 2024[2] - Oil sales volumes increased to 5,388 MBbl in Q2 2024, up 33.4% from 4,037 MBbl in Q2 2023[21] - NGL sales volumes rose to 3,173 MBbl in Q2 2024, a 55.0% increase compared to 2,050 MBbl in Q2 2023[21] - Natural gas sales volumes reached 19,264 MMcf in Q2 2024, up 52.5% from 12,638 MMcf in Q2 2023[21] - Average daily oil equivalent sales volumes increased to 129,356 BOE/d in Q2 2024, compared to 90,030 BOE/d in Q2 2023, representing a 43.7% growth[21] - Average sales price for oil was $81.97 per Bbl in Q2 2024, up 10.1% from $74.09 per Bbl in Q2 2023[21] - Average sales price with commodity derivatives for oil was $76.90 per Bbl in Q2 2024, compared to $74.43 per Bbl in Q2 2023[21] Financial Performance - The company achieved net income of $36.7 million and Adjusted Net Income of $55.0 million for the quarter[4] - Total revenues for Q2 2024 reached $476.4 million, a 42.2% increase from $335.1 million in Q2 2023[25] - Oil sales contributed $441.7 million in Q2 2024, up 47.7% from $299.1 million in Q2 2023[25] - Net income for Q2 2024 was $36.7 million, compared to a net income of $294.8 million in Q2 2023[25] - Operating income for the first half of 2024 was $255.3 million, a decrease from $244.2 million in the same period of 2023[25] - Net cash provided by operating activities for Q2 2024 was $338.4 million, compared to $248.9 million in Q2 2023[27] - Adjusted Net Income for the three months ended June 30, 2024, was $54,967,000, down 30.1% from $78,618,000 in the same period last year[34] - Consolidated EBITDAX for the three months ended June 30, 2024, was $290,429,000, representing a 21.3% increase from $239,457,000 in the prior year[40] Capital Expenditures and Investments - Capital investments for Q2 2024 totaled $210 million, with $171 million allocated for drilling and completions[4] - The company anticipates full-year 2024 capital investments to be between $820 million and $870 million[9] - Capital expenditures for oil and natural gas properties in Q2 2024 totaled $222.3 million, compared to $144.2 million in Q2 2023[27] - Total capital investments, excluding non-budgeted acquisition costs, for the three months ended June 30, 2024, were $210,010,000, up 41.3% from $148,589,000 in the same period of 2023[40] Debt and Equity - Long-term debt rose to $1,662,263,000 as of June 30, 2024, up from $1,609,424,000 at the end of 2023[23] - Total stockholders' equity increased to $2,835,898,000 as of June 30, 2024, compared to $2,785,257,000 at the end of 2023[23] - The company experienced a loss on extinguishment of debt of $40.3 million in Q2 2024, with no comparable figure in Q2 2023[27] - Interest expense for the three months ended June 30, 2024, was $40,690,000, an increase from $31,529,000 in the same period last year[40] Operational Plans and Guidance - Vital Energy increased its 2024 total production guidance to 127.0 - 131.0 MBOE/d and oil production guidance to 59.0 - 61.0 MBO/d[9] - The acquisition of Point Energy Partners is expected to add approximately 15.5 MBOE/d of production and 68 gross oil-weighted locations[2] - Vital Energy plans to operate four drilling rigs and two completions crews in Q3 2024, increasing to five drilling rigs post-acquisition[11] - The company plans to continue focusing on capital investments and operational efficiency to enhance future performance[36] Asset Management - Total current assets decreased to $312,526,000 as of June 30, 2024, down from $370,919,000 at the end of 2023[23] - Total assets increased to $5,263,208,000 as of June 30, 2024, compared to $5,149,581,000 at the end of 2023[23] - Cash and cash equivalents at the end of Q2 2024 were $56.6 million, compared to $71.7 million at the end of Q2 2023[27]

Raises full-year 2024 total and oil production forecast Increases estimated sub-$50 WTI breakeven locations by ~45% TULSA, OK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported second-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, August 8, 2024. Participation details can be ...

Vital Energy plans to host a conference call and webcast at 8:00 a.m. CT on Monday, July 29, 2024. Supplemental slides have been posted to the Company's website. Adds high-return inventory and oil-weighted production: The transaction is expected to add 68 gross inventory locations (49 net) with an estimated average breakeven oil price of $47 per barrel NYMEX WTI. The assets include approximately 16,300 net acres and net production of approximately 30.0 thousand barrels of oil equivalent per day ("MBOE/d") ( ...

Western Glasscock This acreage was acquired because its cash flowed better than the legacy acreage in Eastern Glasscock. However, it also produced a fair amount of natural gas. Therefore, as natural gas prices declined, then a higher oil price was needed for the wells to breakeven. This was one acquisition that needed to wait for a natural gas pricing recovery. Unfortunately, the plans here did not "pan out" as planned. Now, however, technology advances may have brought this acreage back into consideration ...