Vital Energy, Inc. (NYSE:VTLE) Short Interest Down 100.0% in December
by Sarita Garza · The Markets DailyVital Energy, Inc. (NYSE:VTLE – Get Free Report) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,300 shares, a decrease of 100.0% from the November 30th total of 5,578,987 shares. Based on an average daily trading volume, of 664,733 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 664,733 shares, the short-interest ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on VTLE shares. Mizuho set a $23.00 target price on shares of Vital Energy in a report on Friday, December 12th. Zacks Research cut Vital Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wells Fargo & Company cut their price target on Vital Energy from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Vital Energy in a research report on Monday, November 17th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Vital Energy currently has an average rating of “Reduce” and a consensus target price of $27.22.
Read Our Latest Analysis on Vital Energy
Vital Energy Stock Performance
VTLE traded up $0.01 during trading hours on Wednesday, hitting $18.11. The company’s stock had a trading volume of 2,717,531 shares, compared to its average volume of 585,657. The company has a 50-day simple moving average of $17.05 and a 200 day simple moving average of $17.18. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $700.71 million, a PE ratio of -0.52 and a beta of 1.12. Vital Energy has a fifty-two week low of $12.30 and a fifty-two week high of $36.72.
Vital Energy (NYSE:VTLE – Get Free Report) last issued its quarterly earnings data 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). Vital Energy had a negative net margin of 69.28% and a positive return on equity of 13.40%. The company had revenue of $420.83 million for the quarter, compared to the consensus estimate of $458.87 million. During the same quarter in the prior year, the firm earned $1.61 earnings per share. Vital Energy’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Vital Energy will post 8.49 EPS for the current year.
Institutional Investors Weigh In On Vital Energy
A number of institutional investors have recently added to or reduced their stakes in VTLE. Louisiana State Employees Retirement System raised its stake in shares of Vital Energy by 5.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the company’s stock worth $226,000 after buying an additional 700 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vital Energy by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,980 shares of the company’s stock worth $360,000 after acquiring an additional 702 shares during the period. Parallel Advisors LLC raised its position in Vital Energy by 58.7% in the second quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $32,000 after acquiring an additional 740 shares in the last quarter. Sei Investments Co. lifted its holdings in Vital Energy by 2.8% in the 3rd quarter. Sei Investments Co. now owns 30,230 shares of the company’s stock valued at $511,000 after acquiring an additional 819 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in 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 acquiring an additional 1,005 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.
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.