Recent Research Analysts’ Ratings Changes for Vital Energy (VTLE)

A number of research firms have changed their ratings and price targets for Vital Energy (NYSE: VTLE):

• 4/23/2024 – Vital Energy had its price target raised by analysts at Stifel Nicolaus from $70.00 to $75.00. They now have a “buy” rating on the stock.
• 4/22/2024 – Vital Energy had its price target raised by analysts at KeyCorp from $55.00 to $63.00. They now have an “overweight” rating on the stock.
• 4/19/2024 – Vital Energy had its price target lowered by analysts at Piper Sandler from $54.00 to $52.00. They now have a “neutral” rating on the stock.
• 4/18/2024 – Vital Energy had its price target raised by analysts at Wells Fargo & Company from $51.00 to $57.00. They now have an “equal weight” rating on the stock.
• 4/15/2024 – Vital Energy had its price target raised by analysts at Mizuho from $54.00 to $55.00. They now have a “neutral” rating on the stock.
• 4/11/2024 – Vital Energy had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $51.00. They now have an “underweight” rating on the stock.
• 4/5/2024 – Vital Energy had its price target lowered by analysts at Truist Financial Co. from $86.00 to $77.00. They now have a “buy” rating on the stock.
• 3/20/2024 – Vital Energy had its price target raised by analysts at Mizuho from $50.00 to $54.00. They now have a “neutral” rating on the stock.
• 3/7/2024 – Vital Energy had its price target raised by analysts at Piper Sandler from $50.00 to $54.00. They now have a “neutral” rating on the stock.

Vital Energy Price Performance

VTLE traded down $2.72 on Tuesday, hitting $53.02. 669,931 shares of the company’s stock were exchanged, compared to its average volume of 734,687. Vital Energy, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $52.20 and a 200-day moving average price of $48.08. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 1.61 and a beta of 3.24.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.11. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The firm had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. During the same quarter in the previous year, the company posted $3.49 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts anticipate that Vital Energy, Inc. will post 9.13 earnings per share for the current year.

Institutional Trading of Vital Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC increased its position in shares of Vital Energy by 100.0% during the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the period. BluePath Capital Management LLC acquired a new position in Vital Energy in the third quarter valued at $31,000. GAMMA Investing LLC acquired a new stake in shares of Vital Energy during the fourth quarter worth about $33,000. Quadrant Capital Group LLC boosted its stake in shares of Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after buying an additional 277 shares during the period. Finally, PNC Financial Services Group Inc. boosted 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 worth $97,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.