Vital Energy (NYSE:VTLE) Sets New 1-Year Low – What’s Next?

Vital Energy, Inc. (NYSE:VTLE) shares hit a new 52-week low during trading on Monday . The stock traded as low as $25.85 and last traded at $26.27, with a volume of 196944 shares traded. The stock had previously closed at $27.71.

Wall Street Analyst Weigh In

VTLE has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Wolfe Research assumed coverage on Vital Energy in a research note on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price for the company. Truist Financial dropped their price target 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. KeyCorp lowered Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.83.

Vital Energy Stock Down 1.5 %

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $29.86 and its 200 day moving average price is $40.28. The company has a market capitalization of $964.89 million, a P/E ratio of 1.09 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). The business had revenue of $476.37 million for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.35 EPS. As a group, equities research analysts predict that Vital Energy, Inc. will post 7.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 sale, the executive vice president now owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark David Denny sold 5,145 shares of Vital Energy stock in a transaction that occurred on 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 transaction, the executive vice president now owns 26,358 shares in the company, valued at approximately $796,538.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO M. Jason Pigott purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the transaction, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 17,168 shares of company stock worth $502,017 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTLE. CWM LLC increased its position in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after purchasing an additional 1,943 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after purchasing an additional 1,630 shares in the last quarter. nVerses Capital LLC lifted its holdings in Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after buying an additional 900 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in Vital Energy during the 2nd quarter worth $147,000. 86.54% of the stock is owned by institutional investors.

About Vital Energy

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.