Vital Energy (NYSE:VTLE) Rating Increased to Peer Perform at Wolfe Research

Wolfe Research upgraded shares of Vital Energy (NYSE:VTLE) from an underperform rating to a peer perform rating in a research note published on Friday morning, MarketBeat.com reports.

Several other research analysts also recently commented on VTLE. 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 research note on Thursday, December 5th. Mizuho dropped their price objective on shares of Vital Energy from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. BMO Capital Markets cut their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company dropped their price target on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, Truist Financial reduced their price objective on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy presently has an average rating of “Hold” and an average target price of $46.00.

Vital Energy Stock Up 3.1 %

VTLE opened at $32.76 on Friday. 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 stock has a fifty day moving average of $30.27 and a 200-day moving average of $33.99. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The company has a market capitalization of $1.25 billion, a P/E ratio of 2.29 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company’s quarterly 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 EPS. On average, equities analysts expect that Vital Energy will post 6.93 EPS for the current year.

Insider Buying and Selling at Vital Energy

In other Vital Energy news, EVP Mark David Denny sold 5,145 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $155,481.90. Following the completion of the sale, the executive vice president now directly owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. This represents a 16.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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

Several hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in shares of Vital Energy in the third quarter valued at approximately $26,000. International Assets Investment Management LLC grew its stake in Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after buying an additional 1,943 shares in the last quarter. Signaturefd LLC raised its holdings in Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after acquiring an additional 1,630 shares during the period. nVerses Capital LLC lifted its position in shares of Vital Energy by 94.4% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $94,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Vital Energy by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,610 shares of the company’s stock worth $207,000 after acquiring an additional 574 shares during the period. 86.54% of the stock is currently owned by institutional investors.

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.