Vital Energy (NYSE:VTLE) Price Target Increased to $63.00 by Analysts at KeyCorp

Vital Energy (NYSE:VTLEFree Report) had its target price increased by KeyCorp from $55.00 to $63.00 in a research note released on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

VTLE has been the subject of a number of other reports. Wells Fargo & Company raised their price target on Vital Energy from $51.00 to $57.00 and gave the stock an equal weight rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a research report on Thursday, April 11th. Stifel Nicolaus decreased their target price on Vital Energy from $86.00 to $70.00 and set a buy rating for the company in a research report on Tuesday, January 23rd. Piper Sandler decreased their target price on Vital Energy from $54.00 to $52.00 and set a neutral rating for the company in a research report on Friday, April 19th. Finally, Mizuho lifted their target price on Vital Energy from $54.00 to $55.00 and gave the company a neutral rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $59.40.

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Vital Energy Price Performance

Shares of VTLE stock opened at $55.14 on Monday. Vital Energy has a 52-week low of $40.00 and a 52-week high of $62.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $2.02 billion, a P/E ratio of 1.68 and a beta of 3.24. The stock has a 50 day moving average price of $51.52 and a 200 day moving average price of $48.08.

Vital Energy (NYSE:VTLEGet Free Report) last issued its quarterly earnings results 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 firm had revenue of $444.52 million during the quarter, compared to analyst estimates of $440.85 million. During the same period last year, the company earned $3.49 EPS. Vital Energy’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts predict that Vital Energy will post 9.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VTLE. Smith Graham & Co. Investment Advisors LP grew its stake in Vital Energy by 62.4% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock worth $8,217,000 after buying an additional 69,398 shares during the last quarter. Raymond James & Associates purchased a new position in Vital Energy during the 4th quarter worth $2,432,000. Moody National Bank Trust Division grew its stake 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 worth $1,592,000 after buying an additional 25,000 shares during the last quarter. UBS Group AG grew its stake in Vital Energy by 12.8% during the 3rd quarter. UBS Group AG now owns 147,082 shares of the company’s stock worth $8,151,000 after buying an additional 16,671 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Vital Energy during the 3rd quarter worth $1,164,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

About Vital Energy

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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.

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