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

Vital Energy (NYSE:VTLE - Free Report) had its price objective reduced by Mizuho from $39.00 to $37.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently commented on VTLE. BMO Capital Markets lowered their target price on shares of Vital Energy from $48.00 to $40.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Wells Fargo & Company increased their target price on shares of Vital Energy from $29.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 19th. Piper Sandler lowered their price objective on Vital Energy from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Truist Financial dropped their price objective on Vital Energy from $66.00 to $48.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.82.

Vital Energy Stock Performance

Shares of Vital Energy stock traded down $1.41 on Monday, hitting $30.08. 1,206,164 shares of the company's stock were exchanged, compared to its average volume of 899,934. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The company has a 50-day simple moving average of $29.84 and a 200-day simple moving average of $35.44. The stock has a market capitalization of $1.15 billion, a PE ratio of 2.09 and a beta of 3.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share 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 analysts' expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.16 earnings per share. As a group, equities analysts anticipate that Vital Energy will post 6.93 EPS for the current year.

Insider Activity

In related news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the transaction, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. The trade was a 6.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its holdings in shares of Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company's stock valued at $26,000 after purchasing an additional 465 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Vital Energy in the third quarter valued at $26,000. International Assets Investment Management LLC lifted its holdings in shares of Vital Energy by 2,590.7% during 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 boosted its holdings in Vital Energy by 234.2% during 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. Finally, nVerses Capital LLC boosted 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 valued at $81,000 after buying an additional 900 shares in the last quarter. Institutional investors own 86.54% of the company's stock.

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.