Vital Energy Inc. (VTLE)
Vital Energy, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company is headquartered in Tulsa, Oklahoma.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.92% per annum.
- VTLE price at the close of November 22, 2024 was $32.88 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 70.78% per annum.
- VTLE price at the close of November 22, 2024 was higher than the top border of the secondary price channel by $1.81 (5.83%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of VTLE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 15, 2021
End date: November 22, 2024
a = 4.8739
b = -0.0007
s = 0.1570
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -22.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1570) – 1
= 87.36%
September 15, 2021 calculations
Top border of price channel:
Exp(Y454)
= Exp(a + b × X454 + 2 × s)
= Exp(a + b × 660 + 2 × s)
= Exp(4.8739 + -0.0007 × 660 + 2 × 0.1570)
= Exp(4.7171)
= $111.85
Bottom border of price channel:
Exp(Y454)
= Exp(a + b × X454 – 2 × s)
= Exp(a + b × 660 – 2 × s)
= Exp(4.8739 + -0.0007 × 660 – 2 × 0.1570)
= Exp(4.0893)
= $59.70
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.8739 + -0.0007 × 1,824 + 2 × 0.1570)
= Exp(3.8871)
= $48.77
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.8739 + -0.0007 × 1,824 – 2 × 0.1570)
= Exp(3.2592)
= $26.03
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 22.92% per annum.
- VTLE price at the close of November 22, 2024 was $32.88 and was inside the primary price channel.
Secondary Trend
Start date: March 28, 2024
End date: November 22, 2024
a = 9.4121
b = -0.0034
s = 0.0862
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0034) – 1
= -70.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0862) – 1
= 41.18%
March 28, 2024 calculations
Top border of price channel:
Exp(Y1,091)
= Exp(a + b × X1,091 + 2 × s)
= Exp(a + b × 1,585 + 2 × s)
= Exp(9.4121 + -0.0034 × 1,585 + 2 × 0.0862)
= Exp(4.2418)
= $69.53
Bottom border of price channel:
Exp(Y1,091)
= Exp(a + b × X1,091 – 2 × s)
= Exp(a + b × 1,585 – 2 × s)
= Exp(9.4121 + -0.0034 × 1,585 – 2 × 0.0862)
= Exp(3.8969)
= $49.25
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(9.4121 + -0.0034 × 1,824 + 2 × 0.0862)
= Exp(3.4362)
= $31.07
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(9.4121 + -0.0034 × 1,824 – 2 × 0.0862)
= Exp(3.0913)
= $22.01
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 70.78% per annum.
- VTLE price at the close of November 22, 2024 was higher than the top border of the secondary price channel by $1.81 (5.83%). This indicates a possible reversal in the secondary trend direction.