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The Attractiveness of Investing In Vital Energy Inc. (VTLE) is Growing

Vital Energy Inc.’s recent filing unveils that its President & CEO PIGOTT M. JASON acquired Company’s shares for reported $94625.0 on Aug 12 ’24. In the deal valued at $37.85 per share,2,500 shares were bought. As a result of this transaction, PIGOTT M. JASON now holds 169,389 shares worth roughly $4.57 million.

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Then, Lancaster Lori A bought 1,000 shares, generating $45,030 in total proceeds. Upon buying the shares at $45.03, the Director now owns 1,747 shares.

Before that, Denny Mark David sold 5,496 shares. Vital Energy Inc. shares valued at $300,906 were divested by the SVP, Gen. Counsel & Secretary at a price of $54.75 per share. As a result of the transaction, Denny Mark David now holds 18,494 shares, worth roughly $0.5 million.

KeyBanc Capital Markets downgraded its Vital Energy Inc. [VTLE] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”an Underperform”‘ rating. BofA Securities also remained covering VTLE and reiterated its “an Underperform” recommendation on June 14, 2024.

Price Performance Review of VTLE

On Friday, Vital Energy Inc. [NYSE:VTLE] saw its stock jump 3.41% to $27.00. Over the last five days, the stock has lost -9.21%. Vital Energy Inc. shares have fallen nearly -40.65% since the year began. Nevertheless, the stocks have fallen -51.18% over the past one year. While a 52-week high of $58.30 was reached on 04/12/24, a 52-week low of $25.94 was recorded on 09/26/24. SMA at 50 days reached $35.11, while 200 days put it at $44.47.

Levels Of Support And Resistance For VTLE Stock

The 24-hour chart illustrates a support level at 26.47, which if violated will result in even more drops to 25.93. On the upside, there is a resistance level at 27.33. A further resistance level may holdings at 27.65. The Relative Strength Index (RSI) on the 14-day chart is 33.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.05%. Stochastics %K at 19.34% indicates the stock is a buying.

How much short interest is there in Vital Energy Inc.?

A steep rise in short interest was recorded in Vital Energy Inc. stocks on 2024-09-13, growing by 0.6 million shares to a total of 7.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.05 million shares. There was a rise of 7.81%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 08, 2023 when BofA Securities began covering the stock and recommended ‘”an Underperform”‘ rating along with a $48 price target.

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