Vital Energy (NYSE:VTLE) Shares Down 5% – What’s Next?

Vital Energy, Inc. (NYSE:VTLE)’s share price fell 5% during mid-day trading on Tuesday . The stock traded as low as $33.46 and last traded at $34.14. 163,290 shares traded hands during trading, a decline of 79% from the average session volume of 774,174 shares. The stock had previously closed at $35.94.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Wells Fargo & Company increased their price target on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Piper Sandler reduced their price objective on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Truist Financial increased their target price on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Mizuho lifted their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.36.

Vital Energy Stock Down 4.2 %

The stock has a 50-day moving average of $31.82 and a 200 day moving average of $33.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $1.31 billion, a P/E ratio of 2.41 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $5.16 EPS. Research analysts anticipate that Vital Energy, Inc. will post 7.11 earnings per share for the current year.

Institutional Investors Weigh In On Vital Energy

Large investors have recently modified their holdings of the business. Tributary Capital Management LLC acquired a new position in shares of Vital Energy during the 3rd quarter worth $7,945,000. Dimensional Fund Advisors LP raised its stake in Vital Energy by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after acquiring an additional 282,574 shares in the last quarter. State Street Corp lifted its holdings in shares of Vital Energy by 14.4% in the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after acquiring an additional 220,871 shares during the last quarter. Barclays PLC boosted its stake in shares of Vital Energy by 124.0% in the 3rd quarter. Barclays PLC now owns 338,675 shares of the company’s stock valued at $9,110,000 after purchasing an additional 187,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Vital Energy by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company’s stock valued at $10,795,000 after purchasing an additional 90,523 shares during 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.