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- TSXV:VUX
Vital Energy Second Quarter 2024 Earnings: EPS: CA$0.02 (vs CA$0.005 in 2Q 2023)
Vital Energy (CVE:VUX) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$5.74m (up 110% from 2Q 2023).
- Net income: CA$1.92m (up 388% from 2Q 2023).
- Profit margin: 34% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: CA$0.02 (up from CA$0.005 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vital Energy shares are up 11% from a week ago.
Risk Analysis
Be aware that Vital Energy is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About TSXV:VUX
Vital Energy
A junior oil and gas company, engages in the acquisition, exploration, and development of crude oil and natural gas in Western Canada.
Slightly overvalued with imperfect balance sheet.
