Vital Energy (NYSE:VTLE) Given New $75.00 Price Target at Stifel Nicolaus

Vital Energy (NYSE:VTLE) had its price target lifted by Stifel Nicolaus from $70.00 to $75.00 in a research note published on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Piper Sandler lowered their price objective on Vital Energy from $54.00 to $52.00 and set a neutral rating on the stock in a research report on Friday, April 19th. Wells Fargo & Company raised their price target on Vital Energy from $51.00 to $57.00 and gave the company an equal weight rating in a research report on Thursday, April 18th. Mizuho raised their price target on Vital Energy from $54.00 to $55.00 and gave the company a neutral rating in a research report on Monday, April 15th. KeyCorp raised their price target on Vital Energy from $55.00 to $63.00 and gave the company an overweight rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price target on Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $59.40.

Vital Energy Trading Up 1.5 %

Shares of VTLE stock opened at $55.37 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. Vital Energy has a 52-week low of $40.00 and a 52-week high of $62.87. The company has a market capitalization of $2.03 billion, a PE ratio of 1.68 and a beta of 3.24. The business’s fifty day moving average is $51.30 and its 200 day moving average is $48.03.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company had revenue of $444.52 million for the quarter, compared to the consensus estimate of $440.85 million. During the same quarter last year, the business posted $3.49 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that Vital Energy will post 9.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of Vital Energy by 18.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after buying an additional 274 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after purchasing an additional 277 shares during the last quarter. ORG Partners LLC grew its stake in shares of Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Vital Energy by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of Vital Energy by 3.3% in the third quarter. SkyView Investment Advisors LLC now owns 14,495 shares of the company’s stock worth $804,000 after purchasing an additional 461 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

About Vital Energy

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.