Vital Energy (NYSE:VTLE) PT Lowered to $29.00

Vital Energy (NYSE:VTLE) had its price target dropped by equities researchers at Wells Fargo & Company from $41.00 to $29.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 5.07% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Truist Financial decreased their price objective on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research note on Monday. Bank of America reiterated an “underperform” rating and set a $46.00 price target on shares of Vital Energy in a report on Friday, June 14th. Mizuho reduced their price objective on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Wolfe Research initiated coverage on shares of Vital Energy in a research note on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.91.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $27.60 on Tuesday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 1.14 and a beta of 3.17. 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 business has a 50-day moving average of $33.91 and a 200 day moving average of $43.68. Vital Energy has a 12 month low of $25.94 and a 12 month high of $58.30.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.42). The business had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The company’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.35 EPS. As a group, sell-side analysts forecast that Vital Energy will post 6.61 earnings per share for the current year.

Insider Activity at Vital Energy

In other news, CEO M. Jason Pigott purchased 2,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 169,389 shares in the company, valued at approximately $6,411,373.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Westwood Holdings Group Inc. acquired a new position in shares of Vital Energy in the second quarter valued at approximately $64,690,000. Victory Capital Management Inc. grew its position in Vital Energy by 800.9% in the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after buying an additional 481,248 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after buying an additional 282,574 shares during the last quarter. Thomist Capital Management LP acquired a new position in Vital Energy in the 2nd quarter valued at $10,443,000. Finally, Webs Creek Capital Management LP purchased a new position in Vital Energy during the 1st quarter worth $7,619,000. 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.