Piper Sandler Sticks to Its Hold Rating for Vital Energy (VTLE)

Piper Sandler analyst Mark Lear maintained a Hold rating on Vital Energy today and set a price target of $16.00. The company’s shares closed yesterday at $14.35.

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Lear covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy. According to TipRanks, Lear has an average return of 8.1% and a 55.63% success rate on recommended stocks.

Currently, the analyst consensus on Vital Energy is a Hold with an average price target of $17.94, implying a 25.02% upside from current levels. In a report released on August 15, Wells Fargo also maintained a Hold rating on the stock with a $22.00 price target.

VTLE market cap is currently $562.7M and has a P/E ratio of -0.73.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VTLE in relation to earlier this year. Last month, Richard D Campbell, a Major Shareholder at VTLE sold 300,000.00 shares for a total of $5,466,706.08.