Shares of Vital Energy, Inc. (NYSE:VTLE - Get Free Report) have received a consensus recommendation of "Hold" from the eleven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $46.00.
Several brokerages recently weighed in on VTLE. JPMorgan Chase & Co. lifted their price target on Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Wells Fargo & Company cut their target price on shares of Vital Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday. Truist Financial lowered their price target on shares of Vital Energy from $66.00 to $48.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Mizuho decreased their price objective on shares of Vital Energy from $39.00 to $37.00 and set a "neutral" rating for the company in a research report on Monday. Finally, BMO Capital Markets dropped their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th.
View Our Latest Analysis on Vital Energy
NYSE:VTLE opened at $28.03 on Thursday. The company has a market capitalization of $1.07 billion, a P/E ratio of 1.96 and a beta of 3.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The firm has a fifty day simple moving average of $29.79 and a 200-day simple moving average of $35.12.
Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The business had revenue of $459.23 million during 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 business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.16 EPS. On average, equities research analysts anticipate that Vital Energy will post 6.93 earnings per share for the current year.
In other news, COO Kathryn Anne Hill sold 2,023 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the completion of the sale, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. This represents a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark David Denny sold 5,145 shares of the firm's stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $30.22, for a total transaction of $155,481.90. Following the completion of the transaction, the executive vice president now directly owns 26,358 shares in the company, valued at approximately $796,538.76. This represents a 16.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,168 shares of company stock worth $502,017 over the last quarter. 1.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Edgestream Partners L.P. acquired a new position in Vital Energy during the second quarter worth $4,250,000. Raymond James & Associates boosted its position in shares of Vital Energy by 96.8% during the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company's stock valued at $3,905,000 after acquiring an additional 71,385 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company's stock valued at $77,227,000 after purchasing an additional 282,574 shares during the period. Sei Investments Co. increased its position in Vital Energy by 52.3% during the second quarter. Sei Investments Co. now owns 66,126 shares of the company's stock worth $2,964,000 after purchasing an additional 22,711 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Vital Energy by 800.9% during the second quarter. Victory Capital Management Inc. now owns 541,337 shares of the company's stock worth $24,263,000 after purchasing an additional 481,248 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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