Vital Energy, Inc. (NYSE:VTLE) Given Average Recommendation of “Hold” by Analysts

Shares of Vital Energy, Inc. (NYSE:VTLE) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.17.

A number of equities analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets cut their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday. Piper Sandler decreased their price objective on shares of Vital Energy from $52.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. decreased their target price on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Finally, Truist Financial reduced their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, September 30th.

Insider Activity at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $37.85 per share, with a total value of $94,625.00. Following the completion of the purchase, the chief executive officer now directly owns 169,389 shares in the company, valued at $6,411,373.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. CWM LLC lifted its stake in Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Vital Energy by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the period. nVerses Capital LLC lifted 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 acquiring an additional 900 shares in the last quarter. Innealta Capital LLC purchased a new stake in Vital Energy during the 2nd quarter worth about $147,000. Finally, Range Financial Group LLC bought a new position in shares of Vital Energy in the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Up 2.3 %

NYSE:VTLE opened at $30.97 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 1.28 and a beta of 3.16. The business’s fifty day moving average price is $33.66 and its 200 day moving average price is $43.59. Vital Energy has a 1-year low of $25.94 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE) last posted its earnings results 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 analyst estimates of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. Vital Energy’s revenue was up 42.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.35 earnings per share. On average, sell-side analysts forecast that Vital Energy will post 6.61 earnings per share 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.