Vital Energy, Inc. (NYSE:VTLE) Receives Average Rating of “Reduce” from Analysts

Vital Energy, Inc. (NYSE:VTLE) has earned a consensus rating of “Reduce” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.2222.

A number of research firms have recently weighed in on VTLE. Mizuho set a $23.00 target price on Vital Energy in a research report on Friday, December 12th. Piper Sandler cut their price objective on shares of Vital Energy from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Citigroup reaffirmed a “neutral” rating on shares of Vital Energy in a report on Monday, November 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price target on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th.

Vital Energy Trading Up 0.1%

Shares of NYSE VTLE opened at $18.11 on Monday. 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 $700.71 million, a PE ratio of -0.52 and a beta of 1.12. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $17.15 and a two-hundred day moving average of $17.16.

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

Hedge Funds Weigh In On Vital Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of 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 buying an additional 740 shares during the period. Hantz Financial Services Inc. boosted its stake in Vital Energy by 477.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,362 shares of the company’s stock worth $40,000 after acquiring an additional 1,953 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Vital Energy during the second quarter valued at approximately $58,000. Osaic Holdings Inc. grew its holdings in Vital Energy by 30.5% during the second quarter. Osaic Holdings Inc. now owns 4,304 shares of the company’s stock valued at $69,000 after purchasing an additional 1,005 shares during the period. Finally, Signaturefd LLC increased its stake 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 in the last quarter. Institutional investors own 86.54% of the company’s stock.

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.