Vital Energy (NYSE:VTLE) PT Raised to $75.00 at Stifel Nicolaus

Vital Energy (NYSE:VTLE) had its target price hoisted by analysts at Stifel Nicolaus from $70.00 to $75.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 36.02% from the stock’s previous close.

A number of other research firms have also recently issued reports on VTLE. Truist Financial decreased their target price on Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Piper Sandler lowered their target price on Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Raymond James raised their target price on shares of Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their price target on shares of Vital Energy from $51.00 to $57.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. Finally, KeyCorp raised their price objective on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vital Energy presently has an average rating of “Hold” and a consensus target price of $59.40.

Vital Energy Stock Down 0.4 %

Shares of NYSE VTLE opened at $55.14 on Tuesday. 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 stock has a market cap of $2.02 billion, a P/E ratio of 1.68 and a beta of 3.24. The firm has a 50 day moving average price of $51.52 and a 200 day moving average price of $48.08.

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, topping analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The company had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. During the same period last year, the firm posted $3.49 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts expect that Vital Energy will post 9.32 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Vital Energy by 9.5% in the third quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company’s stock valued at $73,121,000 after acquiring an additional 114,629 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vital Energy by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company’s stock worth $36,445,000 after purchasing an additional 71,166 shares during the last quarter. Invesco Ltd. raised its stake in shares of Vital Energy by 27.5% during the 3rd quarter. Invesco Ltd. now owns 516,299 shares of the company’s stock worth $28,613,000 after purchasing an additional 111,320 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Vital Energy by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 253,098 shares of the company’s stock valued at $14,027,000 after buying an additional 30,960 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Vital Energy by 48.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 198,772 shares of the company’s stock worth $9,042,000 after buying an additional 64,881 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.