Vital Energy (NYSE:VTLE) Price Target Cut to $19.00 by Analysts 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 - Get Free Report) had its price target decreased by analysts at Mizuho from $22.00 to $19.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's price target points to a potential upside of 17.68% from the company's current price.

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

Vital Energy Trading Down 1.6%

Shares of VTLE stock traded down $0.27 on Monday, reaching $16.15. 185,676 shares of the company's stock were exchanged, compared to its average volume of 1,351,244. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. The company's fifty day simple moving average is $16.92 and its 200 day simple moving average is $17.43. The stock has a market capitalization of $624.81 million, a PE ratio of -0.82 and a beta of 1.62. Vital Energy has a 52 week low of $12.30 and a 52 week high of $36.72.

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

Insider Activity

In related news, major shareholder Richard D. Campbell sold 50,000 shares of Vital Energy stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $18.12, for a total value of $906,000.00. Following the completion of the sale, the insider owned 7,568,933 shares of the company's stock, valued at approximately $137,149,065.96. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company's stock.

Institutional Trading of Vital Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in Vital Energy by 30.5% in the second quarter. Osaic Holdings Inc. now owns 4,304 shares of the company's stock valued at $69,000 after buying an additional 1,005 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Vital Energy by 63.5% in the second quarter. Thrivent Financial for Lutherans now owns 99,440 shares of the company's stock valued at $1,600,000 after buying an additional 38,613 shares during the period. State of Wyoming bought a new stake in Vital Energy in the second quarter valued at approximately $172,000. Caxton Associates LLP increased its stake in Vital Energy by 126.4% in the second quarter. Caxton Associates LLP now owns 288,155 shares of the company's stock valued at $4,636,000 after purchasing an additional 160,878 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Vital Energy by 8.4% in the second quarter. Public Sector Pension Investment Board now owns 92,694 shares of the company's stock valued at $1,491,000 after purchasing an additional 7,211 shares in the last quarter. Institutional investors 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.

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