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

Vital Energy, Inc. (NYSE:VTLE) has been given a consensus recommendation of “Reduce” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts recently commented on VTLE shares. Wall Street Zen cut shares of Vital Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Zacks Research downgraded Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wells Fargo & Company lowered their price objective on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Citigroup restated a “neutral” rating on shares of Vital Energy in a research note on Monday, November 17th. Finally, Piper Sandler decreased their price target on Vital Energy from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, November 18th.

Vital Energy Price Performance

Shares of VTLE stock opened at $18.55 on Thursday. The stock’s 50-day moving average is $16.60 and its 200 day moving average is $16.90. Vital Energy has a 1-year low of $12.30 and a 1-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 company has a market cap of $717.62 million, a P/E ratio of -0.53 and a beta of 1.12.

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). Vital Energy had a negative net margin of 69.28% and a positive return on equity of 13.40%. The firm had revenue of $420.83 million for the quarter, compared to analysts’ expectations of $458.87 million. During the same period in the previous year, the company posted $1.61 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts predict that Vital Energy will post 8.49 earnings per share for the current fiscal year.

Institutional Trading of Vital Energy

Institutional investors have recently bought and sold shares of the stock. 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 valued at $32,000 after purchasing an additional 740 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Vital Energy by 477.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,362 shares of the company’s stock valued at $40,000 after acquiring an additional 1,953 shares during the period. FNY Investment Advisers LLC purchased a new position in Vital Energy in the 2nd quarter worth $58,000. Osaic Holdings Inc. raised its stake in Vital Energy by 30.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,304 shares of the company’s stock worth $69,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Vital Energy by 146.8% during the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock worth $75,000 after acquiring an additional 2,787 shares during the period. 86.54% of the stock is currently 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.