Vital Energy (NYSE:VTLE) Shares Up 7.2% - What's Next?

Key Points

• Vital Energy's shares increased by 7.2% to close at $17.15, despite an overall decline in trading volume of 94% from the average daily volume.
• Wall Street analysts have varied opinions on Vital Energy, with **ratings fluctuating from "buy" to "sell"**, and an average price target reduced to $27.80.
• Recent insider trading includes major shareholder Richard D. Campbell selling **250,000 shares** valued at over $4.5 million, which resulted in a 3.18% decrease in his position.

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) shares rose 7.2% on Tuesday . The company traded as high as $17.05 and last traded at $17.15. Approximately 83,769 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,340,811 shares. The stock had previously closed at $16.00.

Wall Street Analysts Forecast Growth

VTLE has been the topic of a number of research reports. Raymond James Financial cut Vital Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Mizuho lowered their price target on Vital Energy from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Wall Street Zen cut Vital Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wells Fargo & Company restated a "mixed" rating on shares of Vital Energy in a report on Tuesday, July 15th. Finally, Piper Sandler lowered their price target on Vital Energy from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $27.80.

Vital Energy Trading Up 7.9%

The business's 50 day moving average is $16.69 and its two-hundred day moving average is $17.15. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $668.08 million, a P/E ratio of -0.87 and a beta of 1.62.

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

Insider Activity at Vital Energy

In related news, major shareholder Richard D. Campbell sold 250,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $18.25, for a total transaction of $4,562,500.00. Following the completion of the transaction, the insider owned 7,618,933 shares in the company, valued at $139,045,527.25. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Trading of Vital Energy

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in Vital Energy by 58.7% during the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company's stock worth $32,000 after acquiring an additional 740 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Vital Energy in the 2nd quarter valued at $58,000. Osaic Holdings Inc. lifted its stake in shares of Vital Energy by 30.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,304 shares of the company's stock valued at $69,000 after acquiring an additional 1,005 shares during the last quarter. Signaturefd LLC increased its holdings in Vital Energy by 146.8% in the second quarter. Signaturefd LLC now owns 4,685 shares of the company's stock valued at $75,000 after purchasing an additional 2,787 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Vital Energy by 249.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,044 shares of the company's stock worth $81,000 after acquiring an additional 3,600 shares during the period. 86.54% of the stock is currently 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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