Shares of Vital Energy, Inc. (NYSE:VTLE - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $18.87, but opened at $18.49. Vital Energy shares last traded at $18.23, with a volume of 198,760 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Piper Sandler reduced their price target on Vital Energy from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Mizuho reduced their price target on Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Bank of America reduced their price target on Vital Energy from $33.00 to $27.00 and set an "underperform" rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price target on Vital Energy from $34.00 to $23.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Finally, Raymond James Financial downgraded Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Vital Energy currently has an average rating of "Hold" and a consensus target price of $30.09.
Read Our Latest Stock Analysis on VTLE
Vital Energy Trading Down 3.3%
The firm has a market cap of $707.55 million, a P/E ratio of -5.40 and a beta of 1.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a fifty day moving average of $17.02 and a 200-day moving average of $22.73.
Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.26. The business had revenue of $512.18 million for the quarter, compared to the consensus estimate of $528.76 million. Vital Energy had a positive return on equity of 10.34% and a negative net margin of 6.37%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. Equities research analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current year.
Insiders Place Their Bets
In other Vital Energy news, CEO M. Jason Pigott bought 5,500 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $18.09 per share, with a total value of $99,495.00. Following the purchase, the chief executive officer directly owned 251,533 shares of the company's stock, valued at approximately $4,550,231.97. The trade was a 2.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Vital Energy
Several large investors have recently bought and sold shares of VTLE. Northern Trust Corp increased its position in shares of Vital Energy by 14.5% during the 4th quarter. Northern Trust Corp now owns 304,345 shares of the company's stock valued at $9,410,000 after purchasing an additional 38,537 shares during the period. Charles Schwab Investment Management Inc. raised its position in Vital Energy by 25.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company's stock valued at $15,611,000 after buying an additional 103,583 shares during the period. First Eagle Investment Management LLC raised its position in Vital Energy by 16.4% during the fourth quarter. First Eagle Investment Management LLC now owns 239,101 shares of the company's stock valued at $7,393,000 after buying an additional 33,700 shares during the period. GAMMA Investing LLC grew its stake in Vital Energy by 3,678.3% in the first quarter. GAMMA Investing LLC now owns 30,642 shares of the company's stock valued at $650,000 after purchasing an additional 29,831 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Vital Energy in the fourth quarter valued at about $4,022,000. Institutional investors and hedge funds own 86.54% of the company's stock.
About Vital Energy
(
Get Free Report)
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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