Vital Energy (NYSE:VTLE) Given New $86.00 Price Target at Truist Financial

Vital Energy (NYSE:VTLEGet Free Report) had its target price upped by analysts at Truist Financial from $81.00 to $86.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 101.36% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Bank of America initiated coverage on shares of Vital Energy in a report on Friday, December 8th. They set an “underperform” rating and a $48.00 price target on the stock. Raymond James lifted their price target on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus reduced their target price on shares of Vital Energy from $86.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Wells Fargo & Company initiated coverage on shares of Vital Energy in a report on Wednesday, November 15th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, Piper Sandler reduced their target price on shares of Vital Energy from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $59.78.

View Our Latest Stock Report on VTLE

Vital Energy Price Performance

Shares of NYSE:VTLE opened at $42.71 on Tuesday. The stock has a market capitalization of $1.22 billion, a PE ratio of 1.40 and a beta of 3.23. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $43.83 and a 200-day moving average of $49.74. Vital Energy has a 12 month low of $39.74 and a 12 month high of $62.87.

Insider Activity

In other news, Director Lori A. Lancaster acquired 1,000 shares of Vital Energy stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of $45.03 per share, with a total value of $45,030.00. Following the purchase, the director now owns 1,747 shares in the company, valued at approximately $78,667.41. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Vital Energy

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Vital Energy during the 2nd quarter valued at $4,765,000. EA Series Trust acquired a new position in shares of Vital Energy during the 2nd quarter valued at $1,995,000. Bank of New York Mellon Corp acquired a new position in shares of Vital Energy during the 2nd quarter valued at $8,107,000. American International Group Inc. acquired a new position in shares of Vital Energy during the 2nd quarter valued at $414,000. Finally, Shell Asset Management Co. acquired a new position in shares of Vital Energy during the 2nd quarter valued at $1,823,000. 86.59% of the stock is owned by institutional investors.

About Vital Energy

(Get Free Report)

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.

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Analyst Recommendations for Vital Energy (NYSE:VTLE)

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