Vital Energy (NYSE:VTLE) Given New $34.00 Price Target at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its price objective reduced by equities researchers at Wells Fargo & Company from $35.00 to $34.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 18.43% from the stock’s previous close.

Several other research firms also recently commented on VTLE. Truist Financial cut their price objective on shares of Vital Energy from $66.00 to $48.00 and set a “buy” rating for the company in a report on Monday, September 30th. BMO Capital Markets cut their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Mizuho decreased their price objective on Vital Energy from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Piper Sandler reduced their target price on Vital Energy from $37.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy presently has an average rating of “Hold” and an average target price of $46.73.

Vital Energy Stock Performance

Vital Energy stock traded down $1.37 during trading on Tuesday, hitting $28.71. The stock had a trading volume of 62,554 shares, compared to its average volume of 896,440. The stock’s 50 day moving average is $29.81 and its two-hundred day moving average is $35.31. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 2.01 and a beta of 3.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.16 EPS. As a group, analysts predict that Vital Energy will post 6.93 EPS for the current year.

Insider Transactions at Vital Energy

In other Vital Energy news, CFO Bryan Lemmerman sold 10,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $28.54, for a total value of $285,400.00. Following the completion of the sale, the chief financial officer now directly owns 77,516 shares of the company’s stock, valued at $2,212,306.64. The trade was a 11.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Kathryn Anne Hill sold 2,023 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $61,135.06. Following the transaction, the chief operating officer now directly owns 29,091 shares in the company, valued at $879,130.02. This trade represents a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,168 shares of company stock valued at $502,017 in the last quarter. Insiders own 1.20% of the company’s stock.

Institutional Trading of Vital Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock worth $26,000 after buying an additional 465 shares during the period. First Horizon Advisors Inc. purchased a new stake in Vital Energy during the 3rd quarter valued at $26,000. nVerses Capital LLC grew its holdings in Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after acquiring an additional 900 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after acquiring an additional 1,943 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Vital Energy by 234.2% during the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after acquiring an additional 1,630 shares during the last quarter. Institutional investors 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.