Vital Energy (NYSE:VTLE) Given New $37.00 Price Target at Mizuho

Vital Energy (NYSE:VTLE) had its target price lowered by Mizuho from $39.00 to $37.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

VTLE has been the subject of a number of other reports. Piper Sandler dropped their price objective on Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Truist Financial cut their price objective on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their target price on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. BMO Capital Markets cut their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Vital Energy from $29.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.82.

Vital Energy Stock Down 4.5 %

VTLE opened at $30.08 on Monday. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The business has a 50-day moving average of $29.81 and a two-hundred day moving average of $35.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 2.11 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. Vital Energy’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.16 earnings per share. On average, research analysts expect that Vital Energy will post 6.93 earnings per share for the current year.

Insider Activity at Vital Energy

In other Vital Energy news, COO Kathryn Anne Hill sold 2,023 shares of Vital Energy stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the sale, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. The trade was a 6.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark David Denny sold 5,145 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $155,481.90. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. In the last three months, insiders sold 17,168 shares of company stock valued at $502,017. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Vital Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VTLE. Arizona State Retirement System boosted its stake in Vital Energy by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after acquiring an additional 342 shares during the last quarter. Versor Investments LP lifted its position in shares of Vital Energy by 2.8% during the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after purchasing an additional 400 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Vital Energy by 2.7% in the third quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock worth $414,000 after purchasing an additional 409 shares in the last quarter. CWM LLC grew its stake in Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Vital Energy by 4.1% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $574,000 after buying an additional 500 shares during the last quarter. 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.