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

Vital Energy (NYSE:VTLE) had its price target upped by investment analysts at Truist Financial from $48.00 to $49.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 37.37% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company cut their price target on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. BMO Capital Markets cut their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Piper Sandler cut their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy has a consensus rating of “Hold” and an average target price of $46.09.

Vital Energy Trading Up 0.1 %

VTLE stock traded up $0.03 during midday trading on Monday, reaching $35.67. The company’s stock had a trading volume of 229,598 shares, compared to its average volume of 760,398. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a fifty day simple moving average of $31.02 and a two-hundred day simple moving average of $33.56. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 2.50 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same quarter last year, the firm posted $5.16 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Vital Energy will post 6.93 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors and hedge funds have recently modified their holdings of VTLE. Arizona State Retirement System raised its position in Vital Energy by 5.4% during the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after acquiring an additional 342 shares in the last quarter. Versor Investments LP raised its position in Vital Energy by 2.8% during the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock valued at $401,000 after acquiring an additional 400 shares in the last quarter. State of Alaska Department of Revenue raised 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 valued at $414,000 after acquiring an additional 409 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Vital Energy by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock valued at $390,000 after buying an additional 503 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Vital Energy by 1.7% in the second quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock valued at $1,447,000 after buying an additional 527 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.