Vital Energy (NYSE:VTLE – Get Free Report) had its price target lowered by investment analysts at Raymond James from $67.00 to $53.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 22.57% from the company’s current price.
Several other brokerages also recently commented on VTLE. KeyCorp began coverage on shares of Vital Energy in a research note on Wednesday, December 6th. They issued an “overweight” rating and a $58.00 target price on the stock. Bank of America began coverage on shares of Vital Energy in a research report on Friday, December 8th. They set an “underperform” rating and a $48.00 price target on the stock. Wells Fargo & Company began coverage on shares of Vital Energy in a research report on Wednesday, November 15th. They set an “equal weight” rating and a $50.00 price target on the stock. Truist Financial upped their price target on shares of Vital Energy from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Finally, Stifel Nicolaus cut their target price on shares of Vital Energy from $106.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.56.
Vital Energy Stock Performance
Shares of Vital Energy stock traded down $1.97 during midday trading on Monday, hitting $43.24. The company had a trading volume of 353,883 shares, compared to its average volume of 605,287. The business’s 50 day simple moving average is $45.78 and its two-hundred day simple moving average is $50.24. The stock has a market cap of $1.24 billion, a PE ratio of 1.41 and a beta of 3.15. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 1.42. Vital Energy has a 1-year low of $39.74 and a 1-year high of $62.87.
Vital Energy (NYSE:VTLE – Get Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $5.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.20 by ($0.04). The company had revenue of $435.51 million during the quarter, compared to analyst estimates of $401.47 million. Vital Energy had a return on equity of 21.47% and a net margin of 36.25%. As a group, equities analysts predict that Vital Energy will post 16.54 EPS for the current fiscal year.
Insider Activity
In other Vital Energy news, Director Lori A. Lancaster bought 1,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $45.03 per share, with a total value of $45,030.00. Following the purchase, the director now owns 1,747 shares in the company, valued at $78,667.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. BluePath Capital Management LLC bought a new stake in shares of Vital Energy in the 3rd quarter worth $31,000. Quadrant Capital Group LLC purchased a new position in Vital Energy during the second quarter valued at $27,000. Headlands Technologies LLC purchased a new position in Vital Energy during the second quarter valued at $31,000. Metropolitan Life Insurance Co NY purchased a new position in Vital Energy during the second quarter valued at $40,000. Finally, Cypress Capital Management LLC WY purchased a new position in Vital Energy during the second quarter valued at $44,000. Hedge funds and other institutional investors own 86.59% 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.