Vital Energy (NYSE:VTLE) PT Lowered to $40.00

Vital Energy (NYSE:VTLE) had its price target trimmed by BMO Capital Markets from $48.00 to $40.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other brokerages also recently commented on VTLE. Wolfe Research initiated coverage on Vital Energy in a research note on Thursday, July 18th. They issued an underperform rating and a $50.00 target price on the stock. Bank of America restated an underperform rating and issued a $46.00 target price on shares of Vital Energy in a research note on Friday, June 14th. Wells Fargo & Company lowered their target price on 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. Mizuho lowered their target price on Vital Energy from $55.00 to $42.00 and set a neutral rating on the stock in a research note on Monday, September 16th. Finally, KeyCorp downgraded Vital Energy from an overweight rating to a sector weight rating in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Energy has a consensus rating of Hold and an average target price of $48.17.

Vital Energy Trading Up 2.4 %

Shares of NYSE:VTLE opened at $31.73 on Friday. The business’s 50-day moving average is $33.41 and its 200 day moving average is $43.33. Vital Energy has a 1 year low of $25.94 and a 1 year high of $58.30. The firm has a market capitalization of $1.16 billion, a P/E ratio of 1.27 and a beta of 3.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.51 and a quick ratio of 0.51.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data 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). The firm had revenue of $476.37 million during the quarter, compared to analyst estimates of $468.76 million. Vital Energy had a net margin of 13.97% and a return on equity of 11.58%. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.35 earnings per share. On average, research analysts predict that Vital Energy will post 6.61 earnings per share for the current fiscal year.

Insider Activity at Vital Energy

In related news, CEO M. Jason Pigott bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the completion of the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at approximately $6,411,373.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Vital Energy

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Vital Energy by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock worth $249,000 after purchasing an additional 324 shares in the last quarter. Arizona State Retirement System increased its position in shares of Vital Energy by 5.4% during the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock worth $299,000 after purchasing an additional 342 shares in the last quarter. CWM LLC increased its position in shares of Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after purchasing an additional 465 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Vital Energy by 4.1% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $574,000 after purchasing an additional 500 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other 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.