Vital Energy (NYSE:VTLE) Price Target Increased to $75.00 by Analysts at Stifel Nicolaus

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

VTLE has been the topic of a number of other research reports. KeyCorp increased their price objective on Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial lowered their price target on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Mizuho boosted their price objective on Vital Energy from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Raymond James raised their target price on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.40.

Vital Energy Stock Down 0.4 %

VTLE stock opened at $55.14 on Tuesday. The stock has a 50-day simple moving average of $51.52 and a two-hundred day simple moving average of $48.08. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The firm has a market capitalization of $2.02 billion, a PE ratio of 1.68 and a beta of 3.24. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58.

Vital Energy (NYSE:VTLE) last posted its 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 business had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. During the same quarter in the prior year, the firm posted $3.49 EPS. Vital Energy’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts predict that Vital Energy will post 9.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors have recently made changes to their positions in VTLE. Smith Graham & Co. Investment Advisors LP lifted its stake in shares of Vital Energy by 62.4% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock valued at $8,217,000 after acquiring an additional 69,398 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Vital Energy during the fourth quarter valued at approximately $2,432,000. Moody National Bank Trust Division grew its holdings in shares of Vital Energy by 250.0% in the fourth quarter. Moody National Bank Trust Division now owns 35,000 shares of the company’s stock worth $1,592,000 after purchasing an additional 25,000 shares during the last quarter. UBS Group AG increased its stake in shares of Vital Energy by 12.8% in the third quarter. UBS Group AG now owns 147,082 shares of the company’s stock worth $8,151,000 after buying an additional 16,671 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Vital Energy in the third quarter worth $1,164,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Vital Energy Company Profile

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.