Vital Energy (NYSE:VTLE) Given New $19.00 Price Target at Mizuho

Key Points

• Analysts at Mizuho have reduced the price target for Vital Energy from $22.00 to $19.00, maintaining a "neutral" rating on the stock, indicating a potential upside of 17.68% from its current price.
• The company's latest earnings report showed $2.02 EPS, beating estimates, but revenue fell by 9.8% year-over-year, with reported revenue of $429.63 million compared to expectations of $481.25 million.
• Insider Richard D. Campbell sold 50,000 shares of Vital Energy, reducing his position by 0.66%, while institutional investors now own approximately 86.54% of the company's stock.

Vital Energy (NYSE:VTLE - Free Report) had its price objective reduced by Mizuho from $22.00 to $19.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a research report on Tuesday, July 15th. Piper Sandler decreased their target price on shares of Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Raymond James Financial downgraded shares of Vital Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $27.80.

Vital Energy Stock Down 3.7%

NYSE VTLE traded down $0.61 on Monday, hitting $15.75. The stock had a trading volume of 2,094,868 shares, compared to its average volume of 1,351,538. The business's fifty day moving average price is $16.79 and its 200 day moving average price is $17.29. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.79 and a quick ratio of 0.79. Vital Energy has a 52-week low of $12.30 and a 52-week high of $36.72. The stock has a market cap of $609.53 million, a price-to-earnings ratio of -0.80 and a beta of 1.62.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The business had revenue of $429.63 million during the quarter, compared to the consensus estimate of $481.25 million. During the same period in the previous year, the firm posted $1.46 earnings per share. The business's revenue for the quarter was down 9.8% compared to the same quarter last year. Equities research analysts anticipate that Vital Energy will post 8.49 earnings per share for the current year.

Insiders Place Their Bets

In other Vital Energy news, major shareholder Richard D. Campbell sold 250,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $18.25, for a total value of $4,562,500.00. Following the transaction, the insider directly owned 7,618,933 shares in the company, valued at $139,045,527.25. The trade was a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Vital Energy

Several large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vital Energy by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company's stock worth $503,000 after acquiring an additional 535 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Vital Energy by 58.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock worth $32,000 after buying an additional 740 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Vital Energy by 30.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,304 shares of the company's stock worth $69,000 after buying an additional 1,005 shares in the last quarter. Legal & General Group Plc lifted its holdings in Vital Energy by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 68,635 shares of the company's stock worth $1,104,000 after buying an additional 1,019 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in Vital Energy by 4.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 24,998 shares of the company's stock worth $414,000 after buying an additional 1,046 shares in 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.