Vital Energy (NYSE:VTLE) Price Target Cut to $35.00 by Analysts at Piper Sandler

Vital Energy (NYSE:VTLE) had its target price decreased by Piper Sandler from $37.00 to $35.00 in a report released on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective 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. BMO Capital Markets reduced their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Mizuho lowered their target price on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their target price on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Finally, KeyCorp downgraded shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.67.

Vital Energy Stock Performance

Vital Energy stock opened at $31.84 on Monday. Vital Energy has a 52 week low of $25.85 and a 52 week high of $58.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.21 billion, a P/E ratio of 2.23 and a beta of 3.16. The stock has a 50 day moving average of $28.52 and a 200-day moving average of $37.84.

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, topping the consensus estimate of $1.46 by $0.15. The company had revenue of $459.23 million during the quarter, compared to analyst estimates of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $5.16 EPS. On average, analysts expect that Vital Energy will post 6.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Bryan Lemmerman sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the sale, the chief financial officer now owns 77,516 shares of the company’s stock, valued at $2,212,306.64. This represents a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the completion of the transaction, the chief operating officer now owns 29,091 shares of the company’s stock, valued at $879,130.02. This represents a 6.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,168 shares of company stock worth $502,017. Insiders own 1.20% of the company’s stock.

Institutional Trading of Vital Energy

Institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC raised its holdings in Vital Energy by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock worth $249,000 after purchasing an additional 324 shares in the last quarter. Arizona State Retirement System increased its position in shares of 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 purchasing an additional 342 shares during the period. Versor Investments LP raised its stake in shares of Vital Energy by 2.8% in the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of 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 valued at $414,000 after buying an additional 409 shares during the period. Finally, CWM LLC lifted its holdings in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 465 shares during the period. 86.54% of the stock is 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.