Vital Energy (NYSE:VTLE) Price Target Cut to $19.00 by Analysts at Mizuho

Vital Energy (NYSE:VTLE) had its price target trimmed by Mizuho from $22.00 to $19.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the stock. Raymond James Financial lowered shares of Vital Energy from an “outperform” rating to an “underperform” rating in a research report on Tuesday, June 24th. Wall Street Zen lowered shares of Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company reissued a “mixed” rating on shares of Vital Energy in a research report on Tuesday, July 15th. Finally, Piper Sandler dropped their price target on shares of Vital Energy from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $27.80.

Vital Energy Stock Down 2.7%

Shares of NYSE VTLE opened at $15.96 on Monday. Vital Energy has a 12-month low of $12.30 and a 12-month high of $36.72. The company has a market capitalization of $617.65 million, a PE ratio of -0.81 and a beta of 1.62. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average is $16.91 and its two-hundred day moving average is $17.35.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.02 earnings per share (EPS) for the quarter, beating 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 company had revenue of $429.63 million for the quarter, compared to the consensus estimate of $481.25 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts anticipate that Vital Energy will post 8.49 EPS for the current fiscal year.

Insider Activity at Vital Energy

In other news, major shareholder Richard D. Campbell sold 50,000 shares of the company’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $18.12, for a total transaction of $906,000.00. Following the completion of the sale, the insider directly owned 7,568,933 shares in the company, valued at $137,149,065.96. This represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vital Energy

Several large investors have recently made changes to their positions in VTLE. Ameriprise Financial Inc. increased its position in shares of Vital Energy by 19.1% in the fourth quarter. Ameriprise Financial Inc. now owns 123,148 shares of the company’s stock worth $3,808,000 after acquiring an additional 19,753 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Vital Energy in the fourth quarter worth $123,000. Deutsche Bank AG increased its position in shares of Vital Energy by 49.4% in the fourth quarter. Deutsche Bank AG now owns 22,773 shares of the company’s stock worth $704,000 after acquiring an additional 7,534 shares in the last quarter. Focus Partners Wealth increased its position in shares of Vital Energy by 5.6% in the fourth quarter. Focus Partners Wealth now owns 28,515 shares of the company’s stock worth $882,000 after acquiring an additional 1,515 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Vital Energy by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company’s stock worth $503,000 after acquiring an additional 535 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.