Vital Energy (NYSE:VTLE) Price Target Increased to $69.00 by Analysts at Truist Financial

Vital Energy (NYSE:VTLE) had its target price hoisted by Truist Financial from $68.00 to $69.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on VTLE. Wolfe Research started coverage on shares of Vital Energy in a report on Thursday, July 18th. They issued an underperform rating and a $50.00 target price on the stock. Bank of America restated an underperform rating and issued a $46.00 target price on shares of Vital Energy in a report on Friday, June 14th. Mizuho raised their target price on shares of Vital Energy from $55.00 to $59.00 and gave the stock a neutral rating in a report on Monday, May 13th. KeyCorp raised their target price on shares of Vital Energy from $55.00 to $63.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $57.36.

Vital Energy Trading Down 7.1 %

NYSE:VTLE opened at $39.52 on Wednesday. The company’s 50 day moving average price is $44.49 and its 200-day moving average price is $47.74. Vital Energy has a 52 week low of $39.45 and a 52 week high of $62.87. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 1.64 and a beta of 3.22.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm had revenue of $482.34 million for the quarter, compared to analysts’ expectations of $454.97 million. On average, equities research analysts forecast that Vital Energy will post 8.7 earnings per share for the current fiscal year.

Institutional Trading of Vital Energy

Institutional investors and hedge funds have recently modified their holdings of the company. ORG Partners LLC raised its position in shares of Vital Energy by 100.0% during the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the period. CWM LLC raised its position in shares of Vital Energy by 400.9% during the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the period. GAMMA Investing LLC bought a new stake in shares of Vital Energy during the 4th quarter valued at $33,000. Quadrant Capital Group LLC raised its position in shares of Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares during the period. Finally, nVerses Capital LLC raised its position in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the period. 86.54% of the stock is currently 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.