Vital Energy, Inc. (NYSE:VTLE) Receives $55.82 Consensus PT from Brokerages

Vital Energy, Inc. (NYSE:VTLE) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $55.82.

VTLE has been the topic of a number of research reports. Bank of America restated an “underperform” rating and set a $46.00 price objective on shares of Vital Energy in a research report on Friday, June 14th. Wolfe Research initiated coverage on shares of Vital Energy in a research note on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Mizuho lifted their price target on shares of Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, KeyCorp cut shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday.

Vital Energy Price Performance

Shares of VTLE opened at $36.35 on Friday. The company has a 50 day moving average of $42.62 and a 200-day moving average of $47.37. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. Vital Energy has a twelve month low of $36.28 and a twelve month high of $62.87. The stock has a market capitalization of $1.33 billion, a P/E ratio of 1.51 and a beta of 3.22.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.42). Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. During the same period in the prior year, the business posted $4.35 earnings per share. Vital Energy’s quarterly revenue was up 42.2% compared to the same quarter last year. As a group, equities research analysts forecast that Vital Energy will post 8.7 EPS for the current fiscal year.

Insider Activity at Vital Energy

In other Vital Energy news, CEO M. Jason Pigott purchased 2,500 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $37.85 per share, with a total value of $94,625.00. Following the completion of the transaction, the chief executive officer now directly owns 169,389 shares in the company, valued at approximately $6,411,373.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Vital Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its stake in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after acquiring an additional 465 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Vital Energy during the 4th quarter valued at about $33,000. Quadrant Capital Group LLC grew its holdings in shares of Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after purchasing an additional 277 shares in the last quarter. nVerses Capital LLC increased its position in shares of Vital Energy by 100.0% in the second quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Vital Energy in the second quarter valued at approximately $147,000. Institutional investors own 86.54% of the company’s stock.

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.