Vital Energy, Inc. (NYSE:VTLE – Get Free Report)’s share price rose 3.9% during mid-day trading on Monday . The company traded as high as $37.99 and last traded at $37.92. Approximately 140,096 shares traded hands during trading, a decline of 83% from the average daily volume of 840,172 shares. The stock had previously closed at $36.49.
Analyst Ratings Changes
Several brokerages have commented on VTLE. Wolfe Research started coverage on shares of Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price objective for the company. Wells Fargo & Company decreased their price target on shares of Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Bank of America reaffirmed an “underperform” rating and set a $46.00 price objective on shares of Vital Energy in a research report on Friday, June 14th. Truist Financial reduced their target price on Vital Energy from $69.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, KeyCorp cut Vital Energy from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and an average price target of $55.82.
Vital Energy Trading Up 0.9 %
The stock has a 50-day moving average of $41.83 and a two-hundred day moving average of $47.14. The company has a market cap of $1.35 billion, a P/E ratio of 1.53 and a beta of 3.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22.
Vital Energy (NYSE:VTLE – Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.35 earnings per share. On average, equities research analysts predict that Vital Energy, Inc. will post 8.7 earnings per share for the current year.
Insider Activity at Vital Energy
In other Vital Energy news, CEO M. Jason Pigott bought 2,500 shares of Vital Energy stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $37.85 per share, with a total value of $94,625.00. Following the acquisition, the chief executive officer now owns 169,389 shares in the company, valued at $6,411,373.65. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.
Institutional Trading of Vital Energy
A number of large investors have recently made changes to their positions in VTLE. Jump Financial LLC bought a new position in Vital Energy during the fourth quarter valued at approximately $2,877,000. Rafferty Asset Management LLC grew its holdings in shares of Vital Energy by 52.8% in the fourth quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock worth $5,156,000 after acquiring an additional 39,147 shares during the period. First Eagle Investment Management LLC increased its position in Vital Energy by 29.3% during the first quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company’s stock valued at $10,913,000 after acquiring an additional 47,100 shares during the last quarter. Pinnacle Holdings LLC bought a new position in Vital Energy in the fourth quarter valued at about $826,000. Finally, Fisher Asset Management LLC boosted its position in Vital Energy by 55.4% in the fourth quarter. Fisher Asset Management LLC now owns 52,352 shares of the company’s stock worth $2,381,000 after purchasing an additional 18,665 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.
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.