Vital Energy, Inc. (NYSE:VTLE) Short Interest Update

Vital Energy, Inc. (NYSE:VTLE) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,300 shares, a decline of 100.0% from the November 30th total of 5,578,987 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 664,733 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 664,733 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Vital Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its position in shares of Vital Energy by 3,344.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 428,775 shares of the company’s stock worth $6,899,000 after acquiring an additional 416,325 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Vital Energy in the third quarter worth $6,757,000. Alpine Associates Management Inc. bought a new position in Vital Energy in the third quarter worth $6,630,000. AQR Arbitrage LLC purchased a new position in Vital Energy during the third quarter valued at $6,282,000. Finally, ABC Arbitrage SA bought a new stake in shares of Vital Energy during the 3rd quarter valued at $6,108,000. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Stock Performance

Shares of Vital Energy stock traded up $0.01 during trading hours on Friday, reaching $18.11. The company had a trading volume of 2,717,531 shares, compared to its average volume of 585,657. The firm has a market cap of $700.71 million, a PE ratio of -0.52 and a beta of 1.12. Vital Energy has a one year low of $12.30 and a one year high of $36.72. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day simple moving average of $17.10 and a 200 day simple moving average of $17.18.

Vital Energy (NYSE:VTLE) last posted its earnings results on Monday, November 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.07). The firm had revenue of $420.83 million during the quarter, compared to analysts’ expectations of $458.87 million. Vital Energy had a positive return on equity of 13.40% and a negative net margin of 69.28%.The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 earnings per share. On average, analysts anticipate that Vital Energy will post 8.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho set a $23.00 price objective on Vital Energy in a research note on Friday, December 12th. Wells Fargo & Company decreased their price objective on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Citigroup reaffirmed a “neutral” rating on shares of Vital Energy in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a research note on Wednesday, October 8th. Finally, Piper Sandler decreased their price target on shares of Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Vital Energy has a consensus rating of “Reduce” and an average target price of $27.22.

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. Vital Energy, Inc was founded in 2006 and is headquartered in Tulsa, Oklahoma.