Vital Energy (NYSE:VTLE) Shares Down 5% – Here’s Why

Shares of Vital Energy, Inc. (NYSE:VTLE) fell 5% during 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 Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial lifted their price target on Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. BMO Capital Markets decreased their price target on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Mizuho boosted their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Energy has a consensus rating of “Hold” and a consensus target price of $46.36.

Vital Energy Stock Down 0.6 %

The business’s fifty day simple moving average is $31.99 and its 200 day simple moving average is $33.11. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 2.41 and a beta of 3.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80.

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

Institutional Investors Weigh In On Vital Energy

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