Vital Energy, Inc. (NYSE:VTLE) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Vital Energy, Inc. (NYSE:VTLE) have received an average recommendation of “Reduce” from the twelve brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $27.3333.

Several research analysts have commented on VTLE shares. Wall Street Zen downgraded Vital Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Mizuho lowered their price objective on Vital Energy from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Piper Sandler lifted their price objective on Vital Energy from $16.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th.

Hedge Funds Weigh In On Vital Energy

Several hedge funds and other institutional investors have recently bought and sold shares of VTLE. Parallel Advisors LLC increased its holdings in shares of Vital Energy by 58.7% during the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $32,000 after acquiring an additional 740 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings 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 worth $40,000 after purchasing an additional 1,953 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Vital Energy in the 2nd quarter worth $58,000. Osaic Holdings Inc. grew its position in Vital Energy by 30.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,304 shares of the company’s stock valued at $69,000 after purchasing an additional 1,005 shares during the period. Finally, Signaturefd LLC increased its stake in Vital Energy by 146.8% during the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock valued at $75,000 after purchasing an additional 2,787 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Trading Up 6.1%

Shares of NYSE VTLE opened at $16.76 on Friday. The firm has a 50 day moving average price of $16.36 and a two-hundred day moving average price of $16.68. The stock has a market cap of $648.44 million, a P/E ratio of -0.85 and a beta of 1.39. Vital Energy has a 52-week low of $12.30 and a 52-week high of $36.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.79 and a current ratio of 0.79.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.07). The business had revenue of $420.83 million for the quarter, compared to analyst estimates of $458.87 million. Vital Energy had a positive return on equity of 11.86% and a negative net margin of 38.52%.Vital Energy’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. As a group, equities analysts forecast that Vital Energy will post 8.49 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.