Vital Energy (NYSE:VTLE – Get Free Report) had its price objective boosted by equities researchers at Truist Financial from $70.00 to $72.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 54.87% from the company’s previous close.
VTLE has been the subject of a number of other reports. Raymond James lifted their price target on shares of Vital Energy from $54.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, September 19th. 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 for the company. Stifel Nicolaus dropped their price target on shares of Vital Energy from $106.00 to $86.00 and set a “buy” rating for the company in a research report on Thursday, November 30th. KeyCorp initiated coverage on shares of Vital Energy in a research note on Wednesday, December 6th. They set an “overweight” rating and a $58.00 price objective for the company. Finally, Piper Sandler decreased their price objective on shares of Vital Energy from $64.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.11.
Vital Energy Price Performance
NYSE:VTLE traded up $1.46 during mid-day trading on Friday, hitting $46.49. 188,763 shares of the company’s stock traded hands, compared to its average volume of 706,867. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s 50 day simple moving average is $47.58 and its 200 day simple moving average is $49.93. Vital Energy has a 1 year low of $39.74 and a 1 year high of $62.87. The company has a market cap of $1.33 billion, a PE ratio of 1.52 and a beta of 3.10.
Vital Energy (NYSE:VTLE – Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $5.16 EPS for the quarter, missing analysts’ consensus estimates of $5.20 by ($0.04). The firm had revenue of $435.51 million for the quarter, compared to analysts’ expectations of $401.47 million. Vital Energy had a return on equity of 21.47% and a net margin of 36.25%. Sell-side analysts expect that Vital Energy will post 16.6 EPS for the current year.
Insider Activity
In other news, Director Lori A. Lancaster bought 1,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $45.03 per share, for a total transaction of $45,030.00. Following the completion of the purchase, the director now owns 1,747 shares of the company’s stock, valued at $78,667.41. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Lori A. Lancaster acquired 1,000 shares of Vital Energy stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $45.03 per share, for a total transaction of $45,030.00. Following the purchase, the director now directly owns 1,747 shares of the company’s stock, valued at approximately $78,667.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark David Denny sold 5,496 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $54.75, for a total transaction of $300,906.00. Following the transaction, the senior vice president now owns 18,494 shares in the company, valued at $1,012,546.50. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Vital Energy during the 2nd quarter valued at $129,151,000. State Street Corp bought a new position in Vital Energy during the 2nd quarter valued at $72,076,000. Vanguard Group Inc. boosted its stake in Vital Energy by 9.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company’s stock valued at $73,121,000 after acquiring an additional 114,629 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Vital Energy during the second quarter worth $32,254,000. Finally, Morgan Stanley raised its holdings in shares of Vital Energy by 45.9% during the third quarter. Morgan Stanley now owns 627,856 shares of the company’s stock worth $34,796,000 after purchasing an additional 197,472 shares during the period. 86.59% 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.
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