Vital Energy (NYSE:VTLE) Given New $35.00 Price Target at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its target price hoisted by Wells Fargo & Company from $29.00 to $35.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently issued reports on the company. Mizuho cut their price objective on Vital Energy from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. BMO Capital Markets lowered their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Truist Financial reduced their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, Piper Sandler dropped their price objective on Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.09.

Vital Energy Stock Performance

Shares of VTLE opened at $32.89 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The company’s fifty day moving average price is $28.97 and its 200 day moving average price is $37.49. The company has a market capitalization of $1.25 billion, a PE ratio of 2.30 and a beta of 3.16. Vital Energy has a one year low of $25.85 and a one year high of $58.30.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. The company had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.16 EPS. As a group, analysts expect that Vital Energy will post 6.9 earnings per share for the current year.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were 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 owns 77,516 shares of the company’s stock, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $155,481.90. Following the completion of the transaction, the executive vice president now directly owns 26,358 shares in the company, valued at $796,538.76. This trade represents a 16.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SkyView Investment Advisors LLC grew its holdings in shares of Vital Energy by 4.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company’s stock valued at $582,000 after purchasing an additional 951 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after buying an additional 17,782 shares during the last quarter. Barclays PLC grew its stake in shares of Vital Energy by 124.0% during the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after buying an additional 187,503 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Vital Energy by 77.5% during the third quarter. Public Employees Retirement System of Ohio now owns 137,246 shares of the company’s stock worth $3,692,000 after buying an additional 59,942 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Vital Energy in the 3rd quarter valued at $959,000. Institutional investors own 86.54% of the company’s stock.

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.