Brokerages Set Vital Energy, Inc. (NYSE:VTLE) Target Price at $47.83

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) has received a consensus recommendation of "Hold" from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is $47.83.

Several equities analysts recently commented on the stock. Mizuho cut their price target on shares of Vital Energy from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Vital Energy from $41.00 to $29.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered their price objective on shares of Vital Energy from $45.00 to $31.00 and set an "underweight" rating for the company in a research note on Thursday, September 12th. Wolfe Research assumed coverage on Vital Energy in a research note on Thursday, July 18th. They issued an "underperform" rating and a $50.00 price objective for the company. Finally, KeyCorp lowered shares of Vital Energy from an "overweight" rating to a "sector weight" rating in a research report on Friday, August 16th.

Insider Transactions at Vital Energy

In related news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction that occurred on Thursday, October 10th. The shares were 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 in the company, valued at approximately $2,212,306.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction 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 transaction, the chief financial officer now directly owns 77,516 shares of the company's stock, valued at $2,212,306.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $61,135.06. Following the completion of the sale, the chief operating officer now owns 29,091 shares in the company, valued at $879,130.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vital Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Vital Energy by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,833,797 shares of the company's stock valued at $96,348,000 after acquiring an additional 17,054 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock worth $77,227,000 after purchasing an additional 282,574 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Vital Energy during the 2nd quarter valued at approximately $64,690,000. Victory Capital Management Inc. increased its position in shares of Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company's stock valued at $24,263,000 after buying an additional 481,248 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Vital Energy by 18.0% during the 2nd quarter. Millennium Management LLC now owns 303,275 shares of the company's stock worth $13,593,000 after purchasing an additional 46,248 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Price Performance

VTLE stock traded up $0.95 during mid-day trading on Wednesday, hitting $27.27. The company had a trading volume of 118,506 shares, compared to its average volume of 914,311. The company has a market capitalization of $999.72 million, a price-to-earnings ratio of 1.09 and a beta of 3.16. The company has a 50-day moving average price of $29.86 and a 200 day moving average price of $40.28. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.59. Vital Energy has a 12-month low of $25.85 and a 12-month high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate 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 net margin of 13.97% and a return on equity of 11.58%. The business's quarterly revenue was up 42.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.35 EPS. On average, research analysts anticipate 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.