Vital Energy (NYSE:VTLE) Price Target Cut to $39.00

Vital Energy (NYSE:VTLE) had its price target lowered by Mizuho from $42.00 to $39.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on VTLE. Wolfe Research assumed coverage on shares of Vital Energy in a research report on Thursday, July 18th. They set an underperform rating and a $50.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on Vital Energy from $45.00 to $31.00 and set an underweight rating on the stock in a research report on Thursday, September 12th. Truist Financial dropped their target price on Vital Energy from $66.00 to $48.00 and set a buy rating for the company in a report on Monday, September 30th. Wells Fargo & Company reduced 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 research note on Tuesday, October 1st. Finally, KeyCorp lowered Vital Energy from an overweight rating to a sector weight rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $47.92.

Vital Energy Stock Performance

NYSE:VTLE opened at $29.65 on Thursday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.16. Vital Energy has a 1 year low of $25.94 and a 1 year high of $58.30. The stock’s 50 day simple moving average is $32.17 and its two-hundred day simple moving average is $42.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The business had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. During the same quarter in the prior year, the firm posted $4.35 EPS. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. As a group, equities analysts anticipate that Vital Energy will post 6.58 earnings per share for the current fiscal year.

Insider Activity

In other Vital Energy news, EVP Mark David Denny sold 5,145 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was 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 owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vital Energy news, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the sale, the executive vice president now owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the completion of the transaction, the chief financial officer now owns 77,516 shares in the company, valued at approximately $2,212,306.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,168 shares of company stock worth $502,017. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VTLE. CWM LLC grew its holdings in 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 purchasing an additional 465 shares during the period. GAMMA Investing LLC raised its position in Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after acquiring an additional 297 shares during the period. nVerses Capital LLC raised its position in Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after acquiring an additional 900 shares during the period. Innealta Capital LLC purchased a new position in Vital Energy during the second quarter valued at $147,000. Finally, Range Financial Group LLC acquired a new stake in shares of Vital Energy in the first quarter valued at about $206,000. 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.