Vital Energy (NYSE:VTLE) Price Target Cut to $35.00 by Analysts at Piper Sandler

Vital Energy (NYSE:VTLE) had its price objective lowered by Piper Sandler from $37.00 to $35.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently issued reports on VTLE. JPMorgan Chase & Co. cut their price objective on Vital Energy from $45.00 to $31.00 and set an “underweight” rating on the stock in a report on Thursday, September 12th. KeyCorp downgraded shares of Vital Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, August 16th. Mizuho lowered their price objective on shares of Vital Energy from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company reduced their target price on Vital Energy from $41.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Finally, Truist Financial lowered their price target on Vital Energy from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.67.

Vital Energy Trading Up 3.0 %

Vital Energy stock opened at $31.84 on Monday. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The firm’s 50 day moving average price is $28.52 and its two-hundred day moving average price is $37.84. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 2.23 and a beta of 3.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same period in the previous year, the firm earned $5.16 earnings per share. Vital Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts predict that Vital Energy will post 6.87 EPS for the current fiscal year.

Insider Activity

In related news, CFO Bryan Lemmerman sold 10,000 shares of Vital Energy stock in a transaction on 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 of the company’s stock, valued at approximately $2,212,306.64. The trade was a 11.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. The trade was a 6.50 % 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 three months. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTLE. CWM LLC grew its holdings in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Vital Energy during the 3rd quarter worth $26,000. International Assets Investment Management LLC grew its stake in Vital Energy by 2,590.7% in the 3rd 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 grew its stake in Vital Energy by 234.2% in the 3rd 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 lifted its position in Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after acquiring an additional 900 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

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.