Vital Energy (NYSE:VTLE) Given New $27.00 Price Target at Bank of America

Vital Energy (NYSE:VTLE - Free Report) had its target price trimmed by Bank of America from $33.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an underperform rating on the stock.

Several other analysts have also commented on VTLE. Siebert Williams Shank lowered Vital Energy from a "buy" rating to a "hold" rating and dropped their target price for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Wells Fargo & Company cut their target price on shares of Vital Energy from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Truist Financial lowered their price target on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Piper Sandler cut their price objective on shares of Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Finally, Mizuho upped their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vital Energy currently has an average rating of "Hold" and a consensus price target of $38.08.

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Vital Energy Stock Performance

NYSE VTLE traded down $3.97 on Tuesday, hitting $16.83. 2,703,914 shares of the company's stock traded hands, compared to its average volume of 982,901. The firm's 50-day moving average price is $27.26 and its two-hundred day moving average price is $29.29. The firm has a market capitalization of $641.46 million, a PE ratio of -3.54 and a beta of 3.07. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. Vital Energy has a 1-year low of $16.73 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.27. The company had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. As a group, analysts expect that Vital Energy will post 8.49 EPS for the current year.

Insider Activity

In related news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total value of $207,300.00. Following the completion of the transaction, the chief financial officer now directly owns 97,556 shares of the company's stock, valued at approximately $2,022,335.88. This represents a 9.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kathryn Anne Hill sold 5,673 shares of Vital Energy stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $117,601.29. Following the sale, the chief operating officer now directly owns 46,413 shares in the company, valued at approximately $962,141.49. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,647 shares of company stock worth $448,742 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in Vital Energy during the third quarter worth approximately $228,000. Charles Schwab Investment Management Inc. increased its stake in shares of Vital Energy by 29.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company's stock worth $10,795,000 after acquiring an additional 90,523 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Vital Energy by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company's stock worth $390,000 after acquiring an additional 503 shares during the period. FMR LLC raised its holdings in shares of Vital Energy by 831.4% during the 3rd quarter. FMR LLC now owns 15,992 shares of the company's stock worth $430,000 after acquiring an additional 14,275 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Vital Energy by 22.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 311,130 shares of the company's stock valued at $8,369,000 after acquiring an additional 57,810 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.