Vital Energy (NYSE:VTLE) Rating Lowered to Hold at Siebert Williams Shank

Siebert Williams Shank cut shares of Vital Energy (NYSE:VTLE) from a buy rating to a hold rating in a research note released on Wednesday morning, MarketBeat reports. Siebert Williams Shank currently has $27.00 price objective on the stock, down from their prior price objective of $62.00.

VTLE has been the topic of several other research reports. Truist Financial lowered their price objective on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Mizuho lifted their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Piper Sandler boosted their price objective on shares of Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.00.

Vital Energy Stock Down 5.2 %

Vital Energy stock opened at $21.85 on Wednesday. Vital Energy has a 1-year low of $20.65 and a 1-year high of $58.30. The firm has a market capitalization of $832.75 million, a price-to-earnings ratio of -4.60 and a beta of 3.12. The firm’s fifty day moving average price is $32.08 and its two-hundred day moving average price is $30.87. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The company had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. On average, equities research analysts predict that Vital Energy will post 8.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTLE. First Horizon Advisors Inc. bought a new stake in Vital Energy during the 3rd quarter valued at $26,000. Sterling Capital Management LLC increased its stake in shares of Vital Energy by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock worth $28,000 after acquiring an additional 814 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Vital Energy by 276.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after acquiring an additional 803 shares in the last quarter. R Squared Ltd bought a new position in shares of Vital Energy in the 4th quarter worth about $34,000. Finally, Quarry LP bought a new position in shares of Vital Energy in the 4th quarter worth about $37,000. 86.54% of the stock is currently owned by 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.