KeyCorp Lowers Vital Energy (NYSE:VTLE) to Sector Weight (2024)

Vital Energy (NYSE:VTLE - Get Free Report) was downgraded by investment analysts at KeyCorp from an "overweight" rating to a "sector weight" rating in a report issued on Friday, Marketbeat reports.

A number of other brokerages have also recently commented on VTLE. Wells Fargo & Company dropped their target price on Vital Energy from $54.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, July 22nd. Wolfe Research started coverage on shares of Vital Energy in a research note on Thursday, July 18th. They set an "underperform" rating and a $50.00 price objective for the company. Mizuho increased their target price on shares of Vital Energy from $55.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, May 13th. Stifel Nicolaus raised their target price on shares of Vital Energy from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, April 23rd. Finally, Bank of America reiterated an "underperform" rating and set a $46.00 price target on shares of Vital Energy in a report on Friday, June 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $55.82.

View Our Latest Analysis on Vital Energy

Vital Energy Price Performance

VTLE stock traded down $0.83 during trading on Friday, hitting $36.34. 1,129,074 shares of the company's stock traded hands, compared to its average volume of 837,957. The business has a fifty day simple moving average of $42.62 and a 200 day simple moving average of $47.33. Vital Energy has a 52 week low of $36.28 and a 52 week high of $62.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 1.51 and a beta of 3.22.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.42). The business had revenue of $476.37 million during the quarter, compared to the consensus estimate of $468.76 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm's revenue was up 42.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.35 EPS. As a group, research analysts expect that Vital Energy will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO M. Jason Pigott acquired 2,500 shares of Vital Energy stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $37.85 per share, for a total transaction of $94,625.00. Following the acquisition, the chief executive officer now directly owns 169,389 shares of the company's stock, valued at approximately $6,411,373.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Vital Energy

Several large investors have recently modified their holdings of the business. CWM LLC lifted its stake in shares of Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company's stock worth $26,000 after purchasing an additional 465 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Vital Energy during the fourth quarter valued at about $33,000. Quadrant Capital Group LLC boosted its holdings in shares of Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company's stock valued at $43,000 after buying an additional 277 shares in the last quarter. nVerses Capital LLC grew its position in shares of Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company's stock worth $81,000 after buying an additional 900 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Vital Energy during the 2nd quarter worth approximately $147,000. Institutional investors own 86.54% of the company's stock.

About Vital Energy

(Get Free Report)

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.

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