Vital Energy (NYSE:VTLE) Lowered to “Hold” Rating by Siebert Williams Shank

Siebert Williams Shank cut shares of Vital Energy (NYSE:VTLE) from a buy rating to a hold rating in a report issued on Wednesday, Marketbeat.com reports. Siebert Williams Shank currently has $27.00 target price on the stock, down from their prior target price of $62.00.

A number of other analysts have also weighed in on the stock. Piper Sandler raised their price target on shares of Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Mizuho lifted their price target 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. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Truist Financial cut their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price target on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vital Energy has a consensus rating of “Hold” and an average price target of $44.00.

Vital Energy Price Performance

VTLE opened at $21.85 on Wednesday. Vital Energy has a 12-month low of $20.65 and a 12-month high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $832.75 million, a P/E ratio of -4.60 and a beta of 3.12. The stock has a fifty day moving average of $32.08 and a 200-day moving average of $30.87.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The company had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Equities analysts forecast that Vital Energy will post 8.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. bought a new stake in shares of Vital Energy during the 3rd quarter worth approximately $26,000. Sterling Capital Management LLC increased its position in Vital Energy by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock valued at $28,000 after acquiring an additional 814 shares during the period. Nisa Investment Advisors LLC increased its position in Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after acquiring an additional 803 shares during the period. R Squared Ltd acquired a new position in Vital Energy in the 4th quarter valued at approximately $34,000. Finally, Quarry LP acquired a new position in Vital Energy in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds 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.