Analysts Set Vital Energy, Inc. (NYSE:VTLE) PT at $47.83

Vital Energy, Inc. (NYSE:VTLE) has been assigned an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.83.

Several brokerages recently issued reports on VTLE. Wolfe Research started coverage on Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target for the company. Piper Sandler lowered their target price on Vital Energy from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price target on Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th.

Vital Energy Stock Performance

Vital Energy stock opened at $26.03 on Wednesday. The company has a market cap of $993.83 million, a price-to-earnings ratio of 2.95 and a beta of 3.16. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. 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’s 50-day moving average is $29.32 and its 200-day moving average is $39.89.

Vital Energy (NYSE:VTLE) last announced 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). Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The business had revenue of $476.37 million for the quarter, compared to analyst estimates of $468.76 million. During the same period last year, the firm earned $4.35 earnings per share. The company’s quarterly revenue was up 42.2% on a year-over-year basis. Equities analysts anticipate that Vital Energy will post 6.91 earnings per share for the current year.

Insider Transactions at Vital Energy

In other news, CEO M. Jason Pigott bought 2,500 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the transaction, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Mark David Denny sold 5,145 shares of the business’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 completion of the sale, the executive vice president now owns 26,358 shares of the company’s stock, valued at $796,538.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO M. Jason Pigott acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the purchase, the chief executive officer now owns 169,389 shares of the company’s stock, valued at $6,411,373.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 17,168 shares of company stock valued at $502,017. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vital Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its position in Vital Energy by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after purchasing an additional 324 shares during the period. Arizona State Retirement System lifted its stake in Vital Energy by 5.4% in the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after buying an additional 342 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Vital Energy by 2.7% during the third quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after acquiring an additional 409 shares during the period. CWM LLC grew its position in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after acquiring an additional 465 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Vital Energy by 4.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $574,000 after acquiring an additional 500 shares during the period. 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.