Vital Energy (NYSE:VTLE) PT Lowered to $29.00

Vital Energy (NYSE:VTLE) had its price target decreased by Wells Fargo & Company from $41.00 to $29.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 5.42% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Truist Financial lowered their price target on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a report on Thursday, September 12th. 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. Piper Sandler lowered their price objective on Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Finally, KeyCorp cut Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy has a consensus rating of “Hold” and an average price target of $48.91.

Vital Energy Stock Performance

Shares of VTLE traded up $0.61 on Tuesday, reaching $27.51. The company’s stock had a trading volume of 812,239 shares, compared to its average volume of 905,047. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $1.01 billion, a P/E ratio of 1.14 and a beta of 3.17. The stock’s 50 day simple moving average is $34.55 and its two-hundred day simple moving average is $43.96. Vital Energy has a 12-month low of $25.94 and a 12-month high of $58.30.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) 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 analysts’ expectations of $468.76 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The business’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.35 EPS. Research analysts forecast that Vital Energy will post 6.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Vital Energy

In related news, CEO M. Jason Pigott acquired 2,500 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $37.85 per share, with a total value of $94,625.00. Following the acquisition, the chief executive officer now directly owns 169,389 shares of the company’s stock, valued at $6,411,373.65. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTLE. UBS Group AG lifted its holdings in shares of Vital Energy by 2.6% in the 4th quarter. UBS Group AG now owns 150,903 shares of the company’s stock valued at $6,865,000 after acquiring an additional 3,821 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Vital Energy by 52.8% in the 4th quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock valued at $5,156,000 after acquiring an additional 39,147 shares during the last quarter. Seven Eight Capital LP bought a new stake in Vital Energy in the fourth quarter worth about $429,000. CastleKnight Management LP lifted its stake in Vital Energy by 8.6% in the fourth quarter. CastleKnight Management LP now owns 59,500 shares of the company’s stock worth $2,707,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new stake in Vital Energy in the fourth quarter worth about $826,000. Institutional investors own 86.54% of the company’s stock.

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.