Vital Energy (NYSE:VTLE) Hits New 1-Year Low - What's Next?

Vital Energy, Inc. (NYSE:VTLE - Get Free Report)'s share price hit a new 52-week low on Tuesday . The stock traded as low as $12.64 and last traded at $14.15, with a volume of 2837523 shares changing hands. The stock had previously closed at $13.95.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James cut their price target on Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Piper Sandler cut their target price on Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Bank of America decreased their price target on shares of Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a research report on Tuesday, April 1st. Siebert Williams Shank cut shares of Vital Energy from a "buy" rating to a "hold" rating and cut their price target for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, seven have given 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 $38.08.

Vital Energy Trading Up 2.8 %

The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm's 50 day moving average is $23.88 and its two-hundred day moving average is $28.35. The stock has a market cap of $522.79 million, a price-to-earnings ratio of -2.89 and a beta of 2.82.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business had revenue of $534.37 million for the quarter, compared to analysts' expectations of $550.90 million. Equities analysts anticipate that Vital Energy, Inc. will post 8.49 EPS for the current year.

Insider Buying and Selling at Vital Energy

In other news, CFO Bryan Lemmerman sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $20.73, for a total transaction of $207,300.00. Following the completion of the transaction, the chief financial officer now directly owns 97,556 shares in the company, valued at approximately $2,022,335.88. The trade was a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Richard D. Campbell bought 5,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the completion of the transaction, the insider now owns 43,072 shares in the company, valued at $764,528. This trade represents a 13.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 21,647 shares of company stock worth $448,742. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of Vital Energy by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company's stock valued at $390,000 after purchasing an additional 503 shares in the last quarter. FMR LLC increased its stake in Vital Energy by 831.4% during the 3rd quarter. FMR LLC now owns 15,992 shares of the company's stock valued at $430,000 after buying an additional 14,275 shares during the period. State Street Corp raised its position in shares of Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company's stock worth $47,214,000 after buying an additional 220,871 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Vital Energy in the 3rd quarter worth approximately $301,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Vital Energy by 77.5% in the third quarter. Public Employees Retirement System of Ohio now owns 137,246 shares of the company's stock valued at $3,692,000 after acquiring an additional 59,942 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

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.