Vital Energy (NYSE:VTLE) Price Target Raised to $35.00

Vital Energy (NYSE:VTLE) had its price objective lifted by Wells Fargo & Company from $29.00 to $35.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on VTLE. Mizuho dropped their price objective on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets lowered their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. KeyCorp lowered shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, August 16th. Piper Sandler lowered their price target on shares of Vital Energy from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy presently has a consensus rating of “Hold” and an average price target of $47.09.

Vital Energy Stock Performance

Shares of NYSE:VTLE opened at $32.80 on Tuesday. The firm has a 50 day moving average of $28.84 and a 200 day moving average of $37.63. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 2.30 and a beta of 3.16. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a 52 week low of $25.85 and a 52 week high of $58.30.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business’s quarterly revenue 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. On average, sell-side analysts predict that Vital Energy will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the sale, the chief financial officer now owns 77,516 shares in the company, valued at approximately $2,212,306.64. This represents a 11.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $61,135.06. Following the sale, 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 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 90 days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Vital Energy in the third quarter valued at approximately $26,000. International Assets Investment Management LLC raised its position in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after buying an additional 1,943 shares during the last quarter. Signaturefd LLC raised its position in shares of Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after buying an additional 1,630 shares during the last quarter. Finally, nVerses Capital LLC increased its position in Vital Energy by 100.0% during 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. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.