Vital Energy (NYSE:VTLE) Price Target Lowered to $16.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has lowered its price target for Vital Energy from $22.00 to $16.00, maintaining an "equal weight" rating, indicating a potential upside of only 0.88% from the current stock price.
• Multiple analysts have issued downgrades on Vital Energy, with ratings ranging from "hold" to "sell," resulting in an overall consensus target price of $25.78.
• Despite recent downgrades, shares of Vital Energy opened at $15.86, having experienced fluctuations with a 12-month low of $12.30 and a high of $36.72.

Vital Energy (NYSE:VTLE - Get Free Report) had its price target cut by stock analysts at Wells Fargo & Company from $22.00 to $16.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 0.88% from the stock's current price.

VTLE has been the topic of a number of other research reports. Wall Street Zen downgraded shares of Vital Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Piper Sandler decreased their price objective on Vital Energy from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Weiss Ratings reissued a "sell (d)" rating on shares of Vital Energy in a research report on Wednesday, October 8th. Zacks Research downgraded Vital Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Mizuho decreased their price target on Vital Energy from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $25.78.

Vital Energy Stock Up 0.4%

Shares of NYSE VTLE opened at $15.86 on Friday. 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 stock has a market capitalization of $613.78 million, a PE ratio of -0.80 and a beta of 1.45. Vital Energy has a 12-month low of $12.30 and a 12-month high of $36.72. The stock's fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $16.61.

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

Institutional Trading of Vital Energy

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of Vital Energy by 58.7% in the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock valued at $32,000 after purchasing an additional 740 shares during the period. FNY Investment Advisers LLC purchased a new stake in Vital Energy in the second quarter valued at approximately $58,000. Osaic Holdings Inc. increased its holdings in Vital Energy by 30.5% in 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 during the period. Signaturefd LLC raised its position in Vital Energy by 146.8% during the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company's stock worth $75,000 after buying an additional 2,787 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Vital Energy by 249.3% during the second quarter. GAMMA Investing LLC now owns 5,044 shares of the company's stock worth $81,000 after purchasing an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

About Vital Energy

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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