Vital Energy (NYSE:VTLE) Price Target Lowered to $34.00 at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its price target reduced by Wells Fargo & Company from $35.00 to $34.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued reports about the company. Mizuho decreased their price target on Vital Energy from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday. BMO Capital Markets lowered their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price target on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler lowered their price objective on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Finally, Truist Financial reduced their target price on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.00.

Vital Energy Price Performance

Shares of NYSE:VTLE opened at $29.45 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.12 billion, a PE ratio of 2.06 and a beta of 3.19. The stock’s fifty day simple moving average is $29.81 and its two-hundred day simple moving average is $35.17. Vital Energy has a 1-year low of $25.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. The business had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.16 earnings per share. As a group, analysts forecast that Vital Energy will post 6.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction 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 of the company’s stock, valued at $879,130.02. This represents a 6.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction 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 sale, the chief financial officer now directly owns 77,516 shares of the company’s stock, valued at $2,212,306.64. This represents a 11.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,168 shares of company stock worth $502,017 in the last quarter. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake 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 acquiring an additional 465 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Vital Energy in the 3rd quarter valued at $26,000. International Assets Investment Management LLC grew its holdings in shares of Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after purchasing an additional 1,943 shares during the last quarter. Signaturefd LLC raised its position in Vital Energy by 234.2% in the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after purchasing an additional 1,630 shares during the period. Finally, nVerses Capital LLC lifted its stake in 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. 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.