Vital Energy Inc. (NYSE: VTLE) stock jumped 0.80% on Monday to $54.08 against a previous-day closing price of $53.65. With 1.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $54.99 whereas the lowest price it dropped to was $53.16. The 52-week range on VTLE shows that it touched its highest point at $79.92 and its lowest point at $39.74 during that stretch. It currently has a 1-year price target of $79.25. Beta for the stock currently stands at 3.37.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VTLE was down-trending over the past week, with a drop of -5.47%, but this was down by -0.68% over a month. Three-month performance surged to 26.00% while six-month performance rose 29.97%. The stock lost -22.80% in the past year, while it has gained 5.17% so far this year. A look at the trailing 12-month EPS for VTLE yields 50.40 with Next year EPS estimates of 18.93. For the next quarter, that number is 5.14. This implies an EPS growth rate of 273.50% for this year and -8.36% for next year. EPS is expected to grow by 10.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.90%.
Float and Shares Shorts:
At present, 18.03 million VTLE shares are outstanding with a float of 15.95 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.98 million, which was 21.41% higher than short shares on Jul 30, 2023. In addition to Mr. Mikell Jason Pigott as the firm’s Pres, CEO & Director, Mr. Bryan J. Lemmerman serves as its Sr. VP & CFO.
Through their ownership of 85.35% of VTLE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.08% of VTLE, in contrast to 28.73% held by mutual funds. Shares owned by individuals account for 14.25%. As the largest shareholder in VTLE with 14.44% of the stake, BlackRock Fund Advisors holds 2,686,190 shares worth 2,686,190. A second-largest stockholder of VTLE, SSgA Funds Management, Inc., holds 1,596,363 shares, controlling over 8.58% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in VTLE, holding 1,178,299 shares or 6.34% stake. With a 7.06% stake in VTLE, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,312,872 shares are owned by the mutual fund manager. The SPDR S&P Oil & Gas Exploration &, which owns about 5.87% of VTLE stock, is the second-largest Mutual Fund holder. It holds 1,091,635 shares valued at 65.81 million. Vanguard Total Stock Market ETF holds 2.72% of the stake in VTLE, owning 505,323 shares worth 30.47 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, VTLE reported revenue of $560.16M and operating income of $371.24M. The EBITDA in the recently reported quarter was $452.98M and diluted EPS was $15.41.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VTLE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VTLE analysts setting a high price target of $122.00 and a low target of $54.00, the average target price over the next 12 months is $76.90. Based on these targets, VTLE could surge 125.59% to reach the target high and fall by -0.15% to reach the target low. Reaching the average price target will result in a growth of 42.2% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded VTLE stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 927 shares were bought while 8,514 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 183,865 while 159,350 shares were sold.