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

Shares of Vital Energy, Inc. (NYSE:VTLE) have been assigned a consensus rating of “Reduce” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.2222.

Several research firms have weighed in on VTLE. Mizuho set a $23.00 price objective on Vital Energy in a research report on Friday, December 12th. Citigroup reiterated a “neutral” rating on shares of Vital Energy in a research note on Monday, November 17th. Zacks Research downgraded shares of Vital Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, October 17th.

Vital Energy Trading Up 0.1%

Shares of VTLE stock opened at $18.11 on Monday. 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 company has a market capitalization of $700.71 million, a price-to-earnings 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. The company has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $17.12.

Vital Energy (NYSE:VTLE) last announced its earnings results on Monday, November 3rd. The company reported $1.52 earnings per share 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 analysts’ expectations of $458.87 million. Vital Energy had a positive return on equity of 13.40% and a negative net margin of 69.28%.Vital Energy’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. Research analysts anticipate that Vital Energy will post 8.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Several institutional investors have recently bought and sold shares of VTLE. PDT Partners LLC purchased a new position in Vital Energy in the 1st quarter valued at approximately $3,961,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Vital Energy during the first quarter worth $1,152,000. Raymond James Financial Inc. boosted its holdings in shares of Vital Energy by 65.3% in the first quarter. Raymond James Financial Inc. now owns 214,967 shares of the company’s stock worth $4,562,000 after acquiring an additional 84,899 shares during the period. Bayforest Capital Ltd bought a new position in shares of Vital Energy in the first quarter worth $502,000. Finally, Creative Planning purchased a new position in shares of Vital Energy in the second quarter valued at $1,007,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

About Vital Energy

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.