Vital Energy, Inc. (NYSE:VTLE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Vital Energy, Inc. (NYSE:VTLE) have been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $47.83.

VTLE has been the topic of a number of recent analyst reports. 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 research report on Tuesday, October 1st. Mizuho decreased their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Piper Sandler reduced their target price on shares of Vital Energy from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. KeyCorp cut Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Finally, Truist Financial dropped their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a report on Monday, September 30th.

Insider Buying and Selling at Vital Energy

In other news, CEO M. Jason Pigott acquired 2,500 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was acquired 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. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO M. Jason Pigott acquired 2,500 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $37.85 per share, with a total value of $94,625.00. Following the purchase, the chief executive officer now directly owns 169,389 shares in the company, valued at $6,411,373.65. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This represents a 0.00 % decrease in their ownership of the stock. 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.

Hedge Funds Weigh In On Vital Energy

Large investors have recently modified their holdings of the company. CWM LLC boosted its position in Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares during the period. International Assets Investment Management LLC boosted its holdings in Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after acquiring an additional 1,943 shares during the period. Signaturefd LLC grew its position in 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 acquiring an additional 1,630 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Vital Energy by 100.0% during the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Vital Energy during the 2nd quarter worth $147,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Trading Down 1.5 %

VTLE opened at $26.32 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. The firm has a market cap of $964.89 million, a P/E ratio of 1.09 and a beta of 3.16. The business has a fifty day simple moving average of $29.86 and a 200-day simple moving average of $40.28. Vital Energy has a 52 week low of $25.85 and a 52 week high of $58.30.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The company had revenue of $476.37 million for the quarter, compared to analysts’ expectations of $468.76 million. During the same period in the prior year, the company posted $4.35 EPS. The firm’s revenue was up 42.2% compared to the same quarter last year. On average, equities analysts expect that Vital Energy will post 7.16 earnings per share for the current year.

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.