Vital Energy (NYSE:VTLE) Price Target Lowered to $24.00 at Wells Fargo & Company

Vital Energy (NYSE:VTLE - Free Report) had its price target lowered by Wells Fargo & Company from $36.00 to $24.00 in a research note published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

VTLE has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a research report on Thursday, March 13th. Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Mizuho upped their price objective on Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Williams Trading set a $27.00 target price on Vital Energy in a research report on Wednesday, March 5th. Finally, Truist Financial dropped their price target on Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $39.54.

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Vital Energy Stock Down 2.5 %

Shares of VTLE stock traded down $0.56 on Tuesday, hitting $21.57. The stock had a trading volume of 754,779 shares, compared to its average volume of 968,809. Vital Energy has a 52-week low of $19.85 and a 52-week high of $58.30. The firm has a market capitalization of $822.35 million, a price-to-earnings ratio of -4.54 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The stock's 50 day moving average is $28.13 and its 200-day moving average is $29.39.

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

Insider Buying and Selling at Vital Energy

In other news, EVP Mark David Denny sold 5,974 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 $123,841.02. Following the completion of the transaction, the executive vice president now owns 42,494 shares of the company's stock, valued at approximately $880,900.62. This represents a 12.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the sale, the chief financial officer now owns 97,556 shares in the company, valued at $2,022,335.88. This trade represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,647 shares of company stock worth $448,742. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors have recently added to or reduced their stakes in VTLE. Natixis Advisors LLC bought a new stake in shares of Vital Energy in the 3rd quarter worth $335,000. First Horizon Advisors Inc. bought a new stake in Vital Energy in the third quarter worth about $26,000. Intech Investment Management LLC acquired a new stake in Vital Energy in the 3rd quarter valued at about $228,000. Charles Schwab Investment Management Inc. boosted its position in shares of Vital Energy by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company's stock valued at $10,795,000 after purchasing an additional 90,523 shares in the last quarter. Finally, Pitcairn Co. acquired a new position in shares of Vital Energy in the 3rd quarter worth approximately $250,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.