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

Vital Energy (NYSE:VTLE) had its price target reduced by investment analysts at Wells Fargo & Company from $41.00 to $29.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 5.42% from the stock’s current price.

A number of other equities analysts have also commented on VTLE. Bank of America reaffirmed an “underperform” rating and set a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Mizuho reduced their target price on shares of Vital Energy from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Wolfe Research began 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. Finally, Truist Financial cut their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.91.

Vital Energy Trading Up 2.3 %

NYSE VTLE traded up $0.61 during trading on Tuesday, hitting $27.51. The stock had a trading volume of 812,239 shares, compared to its average volume of 905,047. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 1.14 and a beta of 3.17. Vital Energy has a one year low of $25.94 and a one year high of $58.30. The stock has a 50 day simple moving average of $34.55 and a 200 day simple moving average of $43.96.

Vital Energy (NYSE:VTLE) last issued its 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 company had revenue of $476.37 million for the quarter, compared to analysts’ expectations of $468.76 million. Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The business’s revenue was up 42.2% compared to the same quarter last year. During the same period last year, the business posted $4.35 earnings per share. Sell-side analysts predict that Vital Energy will post 6.61 earnings per share for the current year.

Insider Buying and Selling at Vital Energy

In other news, CEO M. Jason Pigott bought 2,500 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the purchase, the chief executive officer now directly owns 169,389 shares in the company, valued at $6,411,373.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Vital Energy

Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of Vital Energy by 1.7% during the second quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock worth $1,447,000 after buying an additional 527 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Vital Energy by 6.8% during the second quarter. SkyView Investment Advisors LLC now owns 20,690 shares of the company’s stock worth $927,000 after buying an additional 1,311 shares during the period. Scientech Research LLC acquired a new stake in shares of Vital Energy during the second quarter worth $239,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Vital Energy during the second quarter worth $459,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Vital Energy by 16.3% during the second quarter. The Manufacturers Life Insurance Company now owns 13,987 shares of the company’s stock worth $627,000 after buying an additional 1,959 shares during the period. 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.