Vital Energy (NYSE:VTLE) PT Raised to $57.00

Vital Energy (NYSE:VTLE) had its target price raised by investment analysts at Wells Fargo & Company from $51.00 to $57.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 6.03% from the stock’s current price.

Several other research analysts have also weighed in on VTLE. Stifel Nicolaus reduced their target price on Vital Energy from $86.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Piper Sandler boosted their target price on shares of Vital Energy from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. increased their price target on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Truist Financial reduced their price target on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Raymond James increased their target price on shares of Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.10.

Vital Energy Stock Up 0.9 %

Vital Energy stock opened at $53.76 on Thursday. The firm has a fifty day moving average price of $50.87 and a two-hundred day moving average price of $47.93. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 1.63 and a beta of 3.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The firm had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. During the same quarter in the prior year, the firm posted $3.49 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, analysts forecast that Vital Energy will post 9.48 earnings per share for the current year.

Institutional Trading of Vital Energy

Institutional investors have recently modified their holdings of the company. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Vital Energy by 62.4% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock valued at $8,217,000 after purchasing an additional 69,398 shares in the last quarter. Raymond James & Associates purchased a new position in Vital Energy during the fourth quarter worth $2,432,000. Moody National Bank Trust Division grew its holdings in Vital Energy by 250.0% during the 4th quarter. Moody National Bank Trust Division now owns 35,000 shares of the company’s stock valued at $1,592,000 after purchasing an additional 25,000 shares during the last quarter. UBS Group AG grew its stake in shares of Vital Energy by 12.8% during the third quarter. UBS Group AG now owns 147,082 shares of the company’s stock valued at $8,151,000 after buying an additional 16,671 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Vital Energy during the third quarter worth $1,164,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Company Profile

Vital Energy, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.