Vital Energy, Inc. (NYSE:VTLE - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $20.15, but opened at $21.43. Vital Energy shares last traded at $20.96, with a volume of 580,904 shares traded.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Siebert Williams Shank cut Vital Energy from a "buy" rating to a "hold" rating and dropped their price target for the stock from $62.00 to $27.00 in a research report on Wednesday, March 5th. Piper Sandler lowered their target price on shares of Vital Energy from $23.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their target price on shares of Vital Energy from $24.00 to $21.00 and set an "equal weight" rating for the company in a research report on Monday. Truist Financial lowered their price target on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Mizuho dropped their price objective on shares of Vital Energy from $29.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy presently has a consensus rating of "Hold" and a consensus target price of $30.09.
Read Our Latest Research Report on VTLE
Vital Energy Price Performance
The firm has a market cap of $824.98 million, a price-to-earnings ratio of -4.48 and a beta of 1.59. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91. The stock's fifty day moving average price is $15.74 and its 200-day moving average price is $24.17.
Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.26. The company had revenue of $512.18 million during the quarter, compared to analyst estimates of $528.76 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 earnings per share. As a group, equities research analysts forecast that Vital Energy, Inc. will post 8.49 earnings per share for the current fiscal year.
Insider Transactions at Vital Energy
In related news, major shareholder Richard D. Campbell bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $17.75 per share, for a total transaction of $88,750.00. Following the acquisition, the insider now owns 43,072 shares of the company's stock, valued at approximately $764,528. This trade represents a 13.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO M. Jason Pigott bought 5,500 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average cost of $18.09 per share, for a total transaction of $99,495.00. Following the transaction, the chief executive officer now owns 251,533 shares of the company's stock, valued at $4,550,231.97. This trade represents a 2.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP acquired a new position in Vital Energy during the 4th quarter worth about $39,392,000. Westwood Holdings Group Inc. increased its stake in Vital Energy by 48.3% during the first quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company's stock worth $69,699,000 after purchasing an additional 1,070,289 shares during the period. Condire Management LP acquired a new stake in shares of Vital Energy during the fourth quarter worth about $19,066,000. Freestone Grove Partners LP acquired a new stake in shares of Vital Energy during the fourth quarter worth about $15,995,000. Finally, Ancient Art L.P. acquired a new position in shares of Vital Energy in the first quarter valued at approximately $7,109,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.
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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