Vital Energy (NYSE:VTLE) Price Target Cut to $21.00 by Analysts at Wells Fargo & Company

Vital Energy (NYSE:VTLE - Get Free Report) had its price target cut by investment analysts at Wells Fargo & Company from $24.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 1.28% from the company's current price.

VTLE has been the topic of a number of other reports. Mizuho dropped their target price on Vital Energy from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Raymond James dropped their price target on shares of Vital Energy from $44.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on Vital Energy from $34.00 to $23.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. Finally, Truist Financial decreased their target price on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Vital Energy has a consensus rating of "Hold" and a consensus price target of $30.09.

Vital Energy Trading Down 3.0%

VTLE stock traded down $0.64 during mid-day trading on Monday, reaching $20.74. The company had a trading volume of 465,018 shares, compared to its average volume of 1,104,525. The company has a market capitalization of $803.85 million, a PE ratio of -4.36 and a beta of 1.59. The firm has a 50 day moving average of $15.74 and a 200 day moving average of $24.17. Vital Energy has a 12 month low of $12.30 and a 12 month high of $47.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.26. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business had revenue of $512.18 million for the quarter, compared to analyst estimates of $528.76 million. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The company's revenue was up 6.2% on a year-over-year basis. On average, equities analysts predict that Vital Energy will post 8.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vital Energy news, major shareholder Richard D. Campbell acquired 5,000 shares of Vital Energy stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the transaction, the insider now owns 43,072 shares in the company, valued at approximately $764,528. This trade represents a 13.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO M. Jason Pigott purchased 5,500 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $18.09 per share, with a total value of $99,495.00. Following the completion of the purchase, the chief executive officer now directly owns 251,533 shares in the company, valued at approximately $4,550,231.97. This represents a 2.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Institutional Trading of Vital Energy

Several large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in Vital Energy in the fourth quarter worth $788,000. Wolverine Asset Management LLC acquired a new stake in shares of Vital Energy in the fourth quarter valued at about $1,292,000. Northern Trust Corp increased its stake in shares of Vital Energy by 14.5% in the fourth quarter. Northern Trust Corp now owns 304,345 shares of the company's stock worth $9,410,000 after purchasing an additional 38,537 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Vital Energy by 25.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock worth $15,611,000 after purchasing an additional 103,583 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Vital Energy by 16.4% during the 4th quarter. First Eagle Investment Management LLC now owns 239,101 shares of the company's stock worth $7,393,000 after purchasing an additional 33,700 shares during the last quarter. 86.54% of the stock is 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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