Vital Energy, Inc. (NYSE:VTLE) Receives $47.83 Consensus PT from Brokerages

Shares of Vital Energy, Inc. (NYSE:VTLE) have earned a consensus rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat.com 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 12 month price target among brokerages that have covered the stock in the last year is $47.83.

A number of research firms have weighed in on VTLE. Wells Fargo & Company cut their target price on Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating for the company in a report on Thursday, September 12th. Truist Financial decreased their target price on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wolfe Research initiated coverage on shares of Vital Energy in a research report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target on the stock. Finally, 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 research report on Friday, October 4th.

Insider Buying and Selling at Vital Energy

In other 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 transaction, the chief financial officer now directly owns 77,516 shares of the company’s stock, valued at $2,212,306.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Vital Energy news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, with a total value of $94,625.00. Following the purchase, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $28.54, for a total value of $285,400.00. Following the sale, the chief financial officer now owns 77,516 shares of the company’s stock, valued at $2,212,306.64. 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 ninety days, insiders sold 17,168 shares of company stock valued at $502,017. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Vital Energy

A number of hedge funds have recently made changes to their positions in VTLE. ProShare Advisors LLC grew its holdings in shares of Vital Energy by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after acquiring an additional 324 shares in the last quarter. Arizona State Retirement System increased its holdings in Vital Energy by 5.4% in the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock worth $299,000 after buying an additional 342 shares during the last quarter. State of Alaska Department of Revenue raised its position in Vital Energy by 2.7% during the third quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after acquiring an additional 409 shares in the last quarter. CWM LLC raised its holdings in shares of Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Vital Energy by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $574,000 after buying an additional 500 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Vital Energy Price Performance

Shares of VTLE opened at $26.03 on Wednesday. Vital Energy has a one year low of $25.85 and a one year high of $58.30. The stock’s fifty day moving average is $29.32 and its 200-day moving average is $39.89. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $993.83 million, a price-to-earnings ratio of 2.95 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 11.58% and a net margin of 13.97%. The company had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. During the same period in the prior year, the company posted $4.35 earnings per share. The company’s revenue was up 42.2% on a year-over-year basis. Equities analysts anticipate that Vital Energy will post 6.91 EPS 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.