Vital Energy (NYSE:VTLE) Given New $27.00 Price Target at Bank of America

Vital Energy (NYSE:VTLE) had its price objective reduced by Bank of America from $33.00 to $27.00 in a research note released on Tuesday morning,Benzinga reports. Bank of America currently has an underperform rating on the stock.

VTLE has been the topic of a number of other reports. Wells Fargo & Company cut their price target on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 25th. Citigroup downgraded shares of Vital Energy to a “reduce” rating in a research note on Wednesday, March 5th. Truist Financial decreased their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Siebert Williams Shank cut Vital Energy from a “buy” rating to a “hold” rating and reduced their price objective for the company from $62.00 to $27.00 in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.08.

Vital Energy Stock Performance

NYSE:VTLE opened at $20.07 on Tuesday. Vital Energy has a fifty-two week low of $19.85 and a fifty-two week high of $58.30. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The company has a 50 day moving average price of $27.54 and a 200 day moving average price of $29.35. The stock has a market capitalization of $764.94 million, a P/E ratio of -4.22 and a beta of 3.07.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Equities research analysts forecast that Vital Energy will post 8.49 EPS for the current year.

Insider Transactions at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the sale, the chief financial officer now directly owns 97,556 shares of the company’s stock, valued at $2,022,335.88. The trade was a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark David Denny sold 5,974 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total transaction of $123,841.02. Following the completion of the transaction, the executive vice president now owns 42,494 shares of the company’s stock, valued at $880,900.62. This represents a 12.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,647 shares of company stock valued at $448,742. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Vital Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VTLE. Westwood Holdings Group Inc. raised its position in Vital Energy by 5.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock valued at $68,466,000 after purchasing an additional 118,367 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Vital Energy by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company’s stock valued at $65,442,000 after buying an additional 62,771 shares during the last quarter. State Street Corp boosted its stake in shares of Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after buying an additional 220,871 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Vital Energy by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company’s stock worth $43,157,000 after buying an additional 9,676 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Vital Energy in the 4th quarter valued at about $39,392,000. Institutional investors and hedge funds 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.