Vital Energy, Inc. (NYSE:VTLE – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday after KeyCorp downgraded the stock from an overweight rating to a sector weight rating. The company traded as low as $36.34 and last traded at $36.99, with a volume of 87485 shares traded. The stock had previously closed at $37.17.
A number of other research firms have also recently issued reports on VTLE. Truist Financial decreased their price target on shares of Vital Energy from $69.00 to $66.00 and set a “buy” rating for the company in a report on Friday, August 9th. Piper Sandler decreased their target price on Vital Energy from $52.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Mizuho lifted their price target on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company reduced their price objective on Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. Finally, Bank of America restated an “underperform” rating and issued a $46.00 price objective on shares of Vital Energy in a research note on Friday, June 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.82.
Insiders Place Their Bets
In other news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction on Monday, August 12th. The stock was bought at an average price of $37.85 per share, for a total transaction of $94,625.00. Following the transaction, the chief executive officer now owns 169,389 shares of the company’s stock, valued at $6,411,373.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On Vital Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC bought a new position in shares of Vital Energy during the 4th quarter worth approximately $2,877,000. Rafferty Asset Management LLC boosted its holdings in shares of Vital Energy by 52.8% in the 4th quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock worth $5,156,000 after acquiring an additional 39,147 shares in the last quarter. First Eagle Investment Management LLC grew its position in Vital Energy by 29.3% during the 1st quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company’s stock worth $10,913,000 after acquiring an additional 47,100 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in Vital Energy during the 4th quarter valued at $826,000. Finally, Fisher Asset Management LLC raised its position in Vital Energy by 55.4% in the 4th quarter. Fisher Asset Management LLC now owns 52,352 shares of the company’s stock valued at $2,381,000 after purchasing an additional 18,665 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.
Vital Energy Trading Down 2.2 %
The business has a 50 day simple moving average of $42.62 and a 200 day simple moving average of $47.33. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 1.51 and a beta of 3.22.
Vital Energy (NYSE:VTLE – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The business had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. During the same period in the prior year, the firm earned $4.35 earnings per share. The business’s quarterly revenue was up 42.2% compared to the same quarter last year. As a group, equities analysts forecast that Vital Energy, Inc. will post 8.7 EPS for the current year.
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.