Vital Energy, Inc. (NYSE:VTLE – Get Free Report) EVP Mark David Denny sold 5,974 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $123,841.02. Following the transaction, the executive vice president now owns 42,494 shares of the company’s stock, valued at approximately $880,900.62. This trade represents a 12.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Vital Energy Stock Performance
VTLE opened at $21.19 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The company has a market cap of $807.59 million, a price-to-earnings ratio of -4.46 and a beta of 3.07. Vital Energy, Inc. has a 52-week low of $19.85 and a 52-week high of $58.30. The firm’s fifty day simple moving average is $30.70 and its two-hundred day simple moving average is $30.12.
Vital Energy (NYSE:VTLE – Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to analysts’ expectations of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Equities analysts anticipate that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Vital Energy
Wall Street Analysts Forecast Growth
VTLE has been the topic of a number of recent analyst reports. Williams Trading set a $27.00 price target on shares of Vital Energy in a research note on Wednesday, March 5th. Raymond James cut their price target on shares of Vital Energy from $44.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. cut their price target on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating on the stock in a research note on Thursday. Citigroup lowered shares of Vital Energy to a “reduce” rating in a research note on Wednesday, March 5th. Finally, Mizuho upped their price target on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.46.
Check Out Our Latest Research Report on Vital Energy
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.
Featured Articles
- Five stocks we like better than Vital Energy
- Learn Technical Analysis Skills to Master the Stock Market
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What to Know About Investing in Penny Stocks
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Vital Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vital Energy and related companies with MarketBeat.com's FREE daily email newsletter.