Vital Energy (NYSE:VTLE) Price Target Cut to $38.00 by Analysts at Piper Sandler

Vital Energy (NYSE:VTLE) had its target price lowered by Piper Sandler from $52.00 to $38.00 in a report released on Thursday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

VTLE has been the subject of a number of other research reports. Wells Fargo & Company cut their price target on shares of Vital Energy from $54.00 to $50.00 and set an equal weight rating for the company in a report on Monday, July 22nd. Truist Financial dropped their target price on shares of Vital Energy from $69.00 to $66.00 and set a buy rating for the company in a report on Friday, August 9th. Stifel Nicolaus raised their target price on shares of Vital Energy from $70.00 to $75.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Bank of America reiterated an underperform rating and issued a $46.00 price target on shares of Vital Energy in a research note on Friday, June 14th. Finally, Mizuho lifted their price target on Vital Energy from $55.00 to $59.00 and gave the company a neutral rating in a research note on Monday, May 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $55.82.

Vital Energy Trading Down 2.2 %

Shares of Vital Energy stock opened at $36.35 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $1.33 billion, a PE ratio of 1.51 and a beta of 3.22. Vital Energy has a 52-week low of $36.28 and a 52-week high of $62.87. The firm has a 50-day moving average of $42.62 and a 200-day moving average of $47.37.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The business had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm’s quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.35 earnings per share. As a group, sell-side analysts forecast that Vital Energy will post 8.7 EPS for the current year.

Insider Transactions at Vital Energy

In other news, CEO M. Jason Pigott purchased 2,500 shares of the stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Vital Energy

A number of large investors have recently bought and sold shares of VTLE. CWM LLC lifted its stake in Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 465 shares during the period. GAMMA Investing LLC bought a new position in shares of Vital Energy during the 4th quarter worth about $33,000. Quadrant Capital Group LLC grew its stake in Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the period. nVerses Capital LLC raised its position in shares of Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Vital Energy in the 2nd quarter worth $147,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Company Profile

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 was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.