Mizuho Trims Vital Energy (NYSE:VTLE) Target Price to $39.00

Vital Energy (NYSE:VTLE) had its target price lowered by Mizuho from $42.00 to $39.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on VTLE. 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 target price on the stock. Wells Fargo & Company lowered their target price on shares of Vital Energy from $41.00 to $29.00 and set an equal weight rating on the stock in a research note on Tuesday, October 1st. Bank of America reaffirmed an underperform rating and issued a $46.00 target price on shares of Vital Energy in a research note on Friday, June 14th. Piper Sandler lowered their target price on shares of Vital Energy from $52.00 to $38.00 and set a neutral rating on the stock in a research note on Thursday, August 15th. Finally, Truist Financial lowered their target price on shares of Vital Energy from $66.00 to $48.00 and set a buy rating on the stock in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $47.92.

Vital Energy Trading Down 0.1 %

Shares of Vital Energy stock opened at $29.65 on Thursday. Vital Energy has a 12-month low of $25.94 and a 12-month high of $58.30. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 1.23 and a beta of 3.16. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $32.17 and its 200-day moving average price is $42.67.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) 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 firm had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. During the same period in the previous year, the company posted $4.35 earnings per share. The company’s quarterly revenue was up 42.2% compared to the same quarter last year. On average, equities analysts expect that Vital Energy will post 6.58 earnings per share for the current fiscal year.

Insider Transactions at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the firm’s 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 owns 77,516 shares in the company, valued at approximately $2,212,306.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Kathryn Anne Hill sold 2,023 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now owns 29,091 shares in the company, valued at approximately $879,130.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bryan Lemmerman sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 77,516 shares in the company, valued at $2,212,306.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,168 shares of company stock worth $502,017. Insiders own 1.20% of the company’s stock.

Institutional Trading of Vital Energy

Large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its holdings in Vital Energy by 29.3% in the first quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company’s stock valued at $10,913,000 after acquiring an additional 47,100 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Vital Energy by 56.9% in the fourth quarter. Fisher Asset Management LLC now owns 52,852 shares of the company’s stock valued at $2,404,000 after acquiring an additional 19,165 shares in the last quarter. DRW Securities LLC bought a new stake in Vital Energy in the fourth quarter valued at $1,729,000. Edgestream Partners L.P. bought a new stake in Vital Energy in the second quarter valued at $4,250,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 282,574 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

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.