Vital Energy, Inc. (NYSE:VTLE) Receives $47.09 Consensus PT from Analysts

Shares of Vital Energy, Inc. (NYSE:VTLE) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $47.09.

Several equities analysts have recently weighed in on VTLE shares. Mizuho decreased their price target on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Truist Financial dropped their target price on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Wells Fargo & Company raised their price target on Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. dropped their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a research note on Thursday, September 12th. Finally, KeyCorp downgraded Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th.

Insider Activity at Vital Energy

In related news, EVP Mark David Denny sold 5,145 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $155,481.90. Following the transaction, the executive vice president now directly owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the completion of the sale, the chief operating officer now owns 29,091 shares of the company’s stock, valued at $879,130.02. This trade represents a 6.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,168 shares of company stock worth $502,017. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vital Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC raised 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 purchasing an additional 465 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Vital Energy during the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC lifted its holdings in shares of Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after acquiring an additional 1,943 shares during the period. Signaturefd LLC boosted its position in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after acquiring an additional 1,630 shares in the last quarter. Finally, nVerses Capital LLC increased its stake in Vital Energy by 100.0% in the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after acquiring an additional 900 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Performance

Shares of VTLE opened at $32.83 on Friday. The firm has a market cap of $1.25 billion, a P/E ratio of 2.30 and a beta of 3.16. Vital Energy has a twelve month low of $25.85 and a twelve month high of $58.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day moving average price is $29.26 and its two-hundred day moving average price is $36.83.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The business had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.16 EPS. On average, analysts forecast that Vital Energy will post 6.9 EPS for the current fiscal year.

About Vital Energy

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.