Brokerages Set Vital Energy, Inc. (NYSE:VTLE) PT at $26.44

Vital Energy, Inc. (NYSE:VTLE) has received a consensus recommendation of “Reduce” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.3333.

A number of brokerages recently weighed in on VTLE. Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Mizuho cut their price target on shares of Vital Energy from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Finally, Piper Sandler increased their target price on Vital Energy from $16.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday.

Vital Energy Stock Performance

Vital Energy stock opened at $15.03 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. Vital Energy has a 1 year low of $12.30 and a 1 year high of $36.72. The company has a market cap of $581.47 million, a PE ratio of -0.76 and a beta of 1.45. The company’s 50-day moving average is $16.48 and its two-hundred day moving average is $16.54.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results 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 business had revenue of $429.63 million for the quarter, compared to the consensus estimate of $481.25 million. Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. Vital Energy’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. Equities analysts anticipate that Vital Energy will post 8.49 earnings per share for the current year.

Institutional Trading of Vital Energy

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vital Energy by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,980 shares of the company’s stock worth $360,000 after purchasing an additional 702 shares in the last quarter. Parallel Advisors LLC increased its stake in Vital Energy by 58.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $32,000 after purchasing an additional 740 shares in the last quarter. Osaic Holdings Inc. increased its stake in Vital Energy by 30.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,304 shares of the company’s stock worth $69,000 after purchasing an additional 1,005 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Vital Energy by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 68,635 shares of the company’s stock worth $1,104,000 after acquiring an additional 1,019 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of Vital Energy by 4.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 24,998 shares of the company’s stock worth $414,000 after acquiring an additional 1,046 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

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.