Vital Energy (NYSE:VTLE) Price Target Lowered to $27.00 at Bank of America

Vital Energy (NYSE:VTLE) had its price target decreased by Bank of America from $33.00 to $27.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Bank of America currently has an underperform rating on the stock.

A number of other equities research analysts also recently commented on VTLE. Williams Trading set a $27.00 target price on Vital Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of Vital Energy from $34.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company lowered their target price on shares of Vital Energy from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Siebert Williams Shank cut shares of Vital Energy from a “buy” rating to a “hold” rating and dropped their target price for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $38.08.

Vital Energy Trading Down 5.4 %

NYSE VTLE opened at $20.07 on Tuesday. 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 stock has a market capitalization of $764.94 million, a P/E ratio of -4.22 and a beta of 3.07. Vital Energy has a 52-week low of $19.85 and a 52-week high of $58.30. The firm has a 50-day moving average price of $27.54 and a 200 day moving average price of $29.35.

Vital Energy (NYSE:VTLE) last issued its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. The business had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. Equities research analysts expect that Vital Energy will post 8.49 EPS for the current year.

Insider Buying and Selling

In other Vital Energy news, COO Kathryn Anne Hill sold 5,673 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $20.73, for a total value of $117,601.29. Following the transaction, the chief operating officer now directly owns 46,413 shares in the company, valued at approximately $962,141.49. This represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the sale, the chief financial officer now owns 97,556 shares of the company’s stock, valued at approximately $2,022,335.88. This trade represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,647 shares of company stock worth $448,742 in the last ninety days. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vital Energy

Several institutional investors and hedge funds have recently modified their holdings of VTLE. GF Fund Management CO. LTD. acquired a new position in Vital Energy in the fourth quarter valued at $257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vital Energy by 7.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,724 shares of the company’s stock worth $826,000 after buying an additional 1,740 shares during the last quarter. Woodline Partners LP purchased a new stake in Vital Energy in the 4th quarter valued at about $39,392,000. iSAM Funds UK Ltd increased its stake in shares of Vital Energy by 154.5% during the 4th quarter. iSAM Funds UK Ltd now owns 23,909 shares of the company’s stock valued at $739,000 after acquiring an additional 14,516 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Vital Energy by 5.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after acquiring an additional 118,367 shares during the period. Hedge funds and other 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.