Bullish indicating open at $55-$60, IPO prices at $37
Mark Denny, the Executive Vice President, General Counsel, and Secretary of Vital Energy, Inc. (NYSE:VTLE), recently sold a portion of his holdings in the company. The stock, which InvestingPro data shows has declined nearly 58% over the past year, is currently trading near its 52-week low of $20, with technical indicators suggesting oversold conditions. According to a recent SEC filing, Denny sold 5,974 shares of Vital Energy’s common stock on March 11, 2025. The shares were sold at a price of $20.73 each, amounting to a total transaction value of $123,841.
Following this transaction, Denny retains ownership of 42,494 shares. The sale was conducted under a Rule 10b5-1 trading plan, which was adopted on December 5, 2024.
In other recent news, Vital Energy’s fourth-quarter financial results have drawn significant attention from analysts and investors. The company reported a net loss of $359.4 million, largely influenced by a non-cash impairment, despite achieving record production levels. Earnings per share were $2.30, exceeding analyst expectations by $0.17, although revenue of $534.37 million fell short of the consensus estimate of $546.9 million. Analysts from Raymond (NSE:RYMD) James, Citi, and JPMorgan have adjusted their price targets for Vital Energy, reflecting the mixed financial performance and fluctuating oil prices. Raymond James reduced its target to $30, maintaining an Outperform rating, while Citi lowered its target to $36 but retained a Buy rating. JPMorgan raised its target to $34, citing strong operational results and higher natural gas pricing, though it maintained an Underweight rating. Mizuho (NYSE:MFG) Securities also increased its price target to $38, holding a Neutral stance, based on expectations of a modest earnings beat and cost reduction strategies. Vital Energy’s updated guidance for 2025 indicates a focus on reducing capital expenditures and debt, with a shift away from mergers and acquisitions.
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