Vital Energy (NYSE:VTLE) Price Target Lowered to $25.00 at Piper Sandler

Vital Energy (NYSE:VTLE) had its target price reduced by Piper Sandler from $30.00 to $25.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

VTLE has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Vital Energy in a research note on Monday. Wall Street Zen lowered Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company cut their price target 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. Finally, Zacks Research cut shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $27.00.

Vital Energy Stock Performance

Shares of NYSE VTLE opened at $17.21 on Tuesday. The company has a market capitalization of $665.74 million, a PE ratio of -0.87 and a beta of 1.39. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average price is $16.40 and its 200 day moving average price is $16.79. Vital Energy has a 1 year low of $12.30 and a 1 year high of $36.72.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Monday, November 3rd. The company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.07). Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The firm had revenue of $420.83 million during the quarter, compared to analysts’ expectations of $458.87 million. During the same period in the previous year, the firm posted $1.61 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts predict that Vital Energy will post 8.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its holdings in shares of Vital Energy by 48.3% during the first quarter. Westwood Holdings Group Inc. now owns 3,284,584 shares of the company’s stock worth $69,699,000 after buying an additional 1,070,289 shares in the last quarter. Vanguard Group Inc. boosted its position in Vital Energy by 6.3% during the third quarter. Vanguard Group Inc. now owns 2,267,671 shares of the company’s stock worth $38,301,000 after acquiring an additional 133,755 shares during the last quarter. American Century Companies Inc. boosted its position in Vital Energy by 9.5% during the third quarter. American Century Companies Inc. now owns 911,934 shares of the company’s stock worth $15,403,000 after acquiring an additional 79,316 shares during the last quarter. Geode Capital Management LLC grew its stake in Vital Energy by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 673,154 shares of the company’s stock valued at $10,833,000 after acquiring an additional 18,602 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vital Energy by 16.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 588,673 shares of the company’s stock valued at $12,492,000 after acquiring an additional 83,788 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.