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

Shares of Vital Energy, Inc. (NYSE:VTLE) have received a consensus rating of “Reduce” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.2222.

A number of brokerages have weighed in on VTLE. Zacks Research downgraded shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Piper Sandler reduced their price objective on Vital Energy from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Wells Fargo & Company lowered their target price on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Finally, Mizuho set a $23.00 target price on Vital Energy in a research report on Friday, December 12th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its stake 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 worth $32,000 after buying an additional 740 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Vital Energy by 477.5% during 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 last quarter. FNY Investment Advisers LLC bought a new stake in shares of Vital Energy during the 2nd quarter valued at $58,000. Osaic Holdings Inc. lifted its stake in shares of 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 boosted its position in shares of Vital Energy by 146.8% in the 2nd quarter. Signaturefd LLC now owns 4,685 shares of the company’s stock worth $75,000 after purchasing an additional 2,787 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Vital Energy Price Performance

Vital Energy stock opened at $18.11 on Monday. The business’s fifty day moving average is $17.42 and its two-hundred day moving average is $17.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $700.71 million, a P/E ratio of -0.52 and a beta of 1.12. Vital Energy has a 52 week low of $12.30 and a 52 week high of $36.72.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.07). The business had revenue of $420.83 million during the quarter, compared to the consensus estimate of $458.87 million. Vital Energy had a negative net margin of 69.28% and a positive return on equity of 13.40%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. Equities research analysts forecast that Vital Energy will post 8.49 earnings per share for the current fiscal 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. Vital Energy, Inc was founded in 2006 and is headquartered in Tulsa, Oklahoma.