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

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

A number of other research analysts have also issued reports on the company. Truist Financial reduced their price objective on Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. BMO Capital Markets reduced their price target 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. Wells Fargo & Company increased their price objective on shares of Vital Energy from $29.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Piper Sandler decreased their target price on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.82.

Vital Energy Trading Down 4.5 %

Vital Energy stock opened at $30.08 on Monday. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The firm’s 50-day moving average is $29.81 and its 200-day moving average is $35.31. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $1.15 billion, a P/E ratio of 2.11 and a beta of 3.19.

Vital Energy (NYSE:VTLE) last issued its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. Vital Energy’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $5.16 earnings per share. On average, equities analysts expect that Vital Energy will post 6.93 earnings per share for the current year.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $28.54, for a total transaction of $285,400.00. Following the transaction, the chief financial officer now directly owns 77,516 shares in the company, valued at approximately $2,212,306.64. This trade represents a 11.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark David Denny sold 5,145 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total value of $155,481.90. Following the completion of the sale, the executive vice president now directly owns 26,358 shares in the company, valued at $796,538.76. This represents a 16.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. bought a new stake in shares of Vital Energy in the 2nd quarter worth approximately $64,690,000. Victory Capital Management Inc. increased its holdings in shares of Vital Energy by 800.9% in the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after buying an additional 481,248 shares in the last quarter. Tributary Capital Management LLC bought a new position in shares of Vital Energy in the third quarter valued at $7,945,000. Dimensional Fund Advisors LP lifted its position in shares of Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after acquiring an additional 282,574 shares during the last quarter. Finally, Thomist Capital Management LP bought a new stake in shares of Vital Energy during the 2nd quarter worth $10,443,000. 86.54% of the stock is owned by institutional investors and hedge funds.

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.