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

Vital Energy (NYSE:VTLE) had its price objective lowered by Mizuho from $39.00 to $37.00 in a research report sent to investors on Monday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on VTLE. BMO Capital Markets reduced their price objective on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Piper Sandler cut their price target on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Wells Fargo & Company upped their price objective on Vital Energy from $29.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Truist Financial lowered their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.00.

Vital Energy Trading Down 4.8 %

Vital Energy stock opened at $28.03 on Monday. The business has a 50 day moving average price of $29.79 and a two-hundred day moving average price of $35.12. 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 has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 1.96 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The business 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%. Vital Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.16 earnings per share. As a group, equities analysts forecast that Vital Energy will post 6.93 EPS for the current year.

Insider Activity

In other Vital Energy news, EVP Mark David Denny sold 5,145 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the transaction, the executive vice president now owns 26,358 shares of the company’s stock, valued at approximately $796,538.76. This represents a 16.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction 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 $2,212,306.64. The trade was a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,168 shares of company stock worth $502,017. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Vital Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTLE. CWM LLC lifted its stake in shares of Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the period. First Horizon Advisors Inc. acquired a new position in Vital Energy in the third quarter valued at about $26,000. International Assets Investment Management LLC boosted its holdings in Vital Energy by 2,590.7% during the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after buying an additional 1,943 shares during the last quarter. 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 worth $63,000 after buying an additional 1,630 shares during the last quarter. Finally, nVerses Capital LLC increased its stake in shares of 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 acquiring an additional 900 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

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.