Vital Energy (NYSE:VTLE) Price Target Raised to $49.00

Vital Energy (NYSE:VTLE) had its price target upped by Truist Financial from $48.00 to $49.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on VTLE. Piper Sandler dropped their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho dropped their price target on Vital Energy from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company dropped their price target on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, BMO Capital Markets dropped their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.36.

Vital Energy Stock Performance

Vital Energy stock opened at $36.00 on Monday. The stock has a market cap of $1.37 billion, a P/E ratio of 2.52 and a beta of 3.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $31.37 and a 200-day moving average of $33.43. Vital Energy has a 52 week low of $25.85 and a 52 week high of $58.30.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The company had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.16 EPS. On average, analysts expect that Vital Energy will post 6.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Vital Energy

Large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its stake in Vital Energy by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after buying an additional 342 shares during the period. Versor Investments LP raised its position in shares of Vital Energy by 2.8% in the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock valued at $401,000 after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue increased its position in Vital Energy by 2.7% during the third quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock worth $414,000 after acquiring an additional 409 shares during the period. The Manufacturers Life Insurance Company increased its position in Vital Energy by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after acquiring an additional 503 shares during the period. Finally, Cetera Investment Advisers increased its position in Vital Energy by 1.7% during the second quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock worth $1,447,000 after acquiring an additional 527 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

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.