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KeyBanc Capital Markets analysts downgrades a Sector weight rating for Vital Energy Inc (VTLE)

Vital Energy Inc’s recently made public that its EVP, Gen. Counsel & Secretary Denny Mark David unloaded Company’s shares for reported $0.16 million on Oct 08 ’24. In the deal valued at $30.22 per share,5,145 shares were sold. As a result of this transaction, Denny Mark David now holds 26,358 shares worth roughly $0.82 million.

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Then, Hill Kathryn Anne sold 2,023 shares, generating $61,135 in total proceeds. Upon selling the shares at $30.22, the SVP & Chief Operating Officer now owns 29,091 shares.

Before that, Lemmerman Bryan sold 10,000 shares. Vital Energy Inc shares valued at $285,400 were divested by the EVP & CFO at a price of $28.54 per share. As a result of the transaction, Lemmerman Bryan now holds 77,516 shares, worth roughly $2.42 million.

KeyBanc Capital Markets downgraded its Vital Energy Inc [VTLE] rating to a Sector weight from a an Overweight in a research note published on 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 Tuesday, Vital Energy Inc [NYSE:VTLE] saw its stock fall -1.92% to $31.23. Over the last five days, the stock has gained 2.73%. Vital Energy Inc shares have fallen nearly -31.35% since the year began. Nevertheless, the stocks have fallen -32.95% over the past one year. While a 52-week high of $58.30 was reached on 04/12/24, a 52-week low of $25.85 was recorded on 10/28/24. SMA at 50 days reached $28.60, while 200 days put it at $41.68.

Levels Of Support And Resistance For VTLE Stock

The 24-hour chart illustrates a support level at 30.76, which if violated will result in even more drops to 30.29. On the upside, there is a resistance level at 31.79. A further resistance level may holdings at 32.35. The Relative Strength Index (RSI) on the 14-day chart is 59.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.50%. Stochastics %K at 84.48% indicates the stock is a selling.

How much short interest is there in Vital Energy Inc?

A steep rise in short interest was recorded in Vital Energy Inc stocks on 2024-10-31, dropping by -0.96 million shares to a total of 6.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.91 million shares. There was a decline of -13.88%, which implies that there is a negative 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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