Vital Energy, Inc. (NYSE:VTLE) Receives $47.09 Average PT from Brokerages

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $47.09.

A number of research firms recently weighed in on VTLE. Piper Sandler lowered their price target on shares of Vital Energy from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, November 18th. Mizuho lowered their price target on shares of Vital Energy from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets lowered their price target on shares of 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. Wells Fargo & Company boosted their price target on shares of Vital Energy from $29.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 19th. 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 Activity

In other news, EVP Mark David Denny sold 5,145 shares of the business's stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $155,481.90. Following the sale, the executive vice president now directly owns 26,358 shares of the company's stock, valued at approximately $796,538.76. The trade was a 16.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kathryn Anne Hill sold 2,023 shares of the business's 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 $61,135.06. Following the completion of the sale, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. This trade represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,168 shares of company stock valued at $502,017. Company insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Vital Energy

Large investors have recently modified their holdings of the company. CWM LLC grew its holdings in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company's stock worth $26,000 after buying an additional 465 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Vital Energy in the third quarter valued at approximately $26,000. 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 worth $81,000 after purchasing an additional 900 shares during the last quarter. International Assets Investment Management LLC grew its position 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 valued at $54,000 after buying an additional 1,943 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Vital Energy by 234.2% in the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company's stock valued at $63,000 after buying an additional 1,630 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Price Performance

Shares of NYSE VTLE traded up $0.08 during trading on Friday, hitting $32.88. The company had a trading volume of 474,343 shares, compared to its average volume of 845,440. The stock has a fifty day simple moving average of $28.97 and a two-hundred day simple moving average of $37.26. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 2.30 and a beta of 3.16. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same quarter last year, the business earned $5.16 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts expect that Vital Energy will post 6.9 earnings per share for the current year.

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.