Vital Energy (VTLE) Update - Sept 4
Posted: Mon Sep 04, 2023 10:20 am
I took a hard look at my forecast for VTLE this morning and "tweaked" a few line items, but my valuation stays the same.
From TipRanks on 8-18-2023: "Stifel analyst Derrick Whitfield raised the firm’s price target on Vital Energy to $122 from $119 and keeps a Buy rating on the shares. Vital’s strategic leadership change and asset quality make it one of the most compelling recovery investment opportunities, the analyst tells investors in a research note."
Vital Energy is on pace to be the most profitable company in the Sweet 16 for the 2nd year in a row.
> $30.65 EPS for 2023
> $43.68 operating cash flow per share
> $132 million ($7.10/share) of free cash flow based on the mid-point of their guidance.
My current valuation of VTLE based on just 3X annualized operating cash flow per share is $134.00
From TipRanks on 8-18-2023: "Stifel analyst Derrick Whitfield raised the firm’s price target on Vital Energy to $122 from $119 and keeps a Buy rating on the shares. Vital’s strategic leadership change and asset quality make it one of the most compelling recovery investment opportunities, the analyst tells investors in a research note."
Vital Energy is on pace to be the most profitable company in the Sweet 16 for the 2nd year in a row.
> $30.65 EPS for 2023
> $43.68 operating cash flow per share
> $132 million ($7.10/share) of free cash flow based on the mid-point of their guidance.
My current valuation of VTLE based on just 3X annualized operating cash flow per share is $134.00