Vital Energy (NYSE:VTLE) Price Target Lowered to $37.00 at Mizuho

Vital Energy (NYSE:VTLE) had its price target cut by investment analysts at Mizuho from $39.00 to $37.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential upside of 25.64% from the stock’s previous close.

VTLE has been the topic of several other reports. Truist Financial cut their target price 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. Piper Sandler cut their target price on Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their target price on Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 19th. Finally, BMO Capital Markets cut their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vital Energy currently has a consensus rating of “Hold” and an average target price of $46.00.

Vital Energy Stock Performance

Shares of VTLE opened at $29.45 on Monday. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a fifty day moving average price of $29.81 and a 200-day moving average price of $35.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.12 billion, a PE ratio of 2.06 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The firm had revenue of $459.23 million during the quarter, compared to analyst estimates of $461.58 million. During the same quarter in the prior year, the business posted $5.16 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that Vital Energy will post 6.93 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Kathryn Anne Hill sold 2,023 shares of the firm’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 $61,135.06. Following the transaction, the chief operating officer now directly owns 29,091 shares of the company’s stock, valued at approximately $879,130.02. This trade represents a 6.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at $2,212,306.64. This represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,168 shares of company stock worth $502,017 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its stake in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Vital Energy in the 3rd quarter worth approximately $26,000. nVerses Capital LLC lifted its stake in Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC lifted its stake 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 purchasing an additional 1,943 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Vital Energy by 234.2% in the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after purchasing an additional 1,630 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other 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.