Brokerages Set Vital Energy, Inc. (NYSE:VTLE) PT at $59.40

Vital Energy, Inc. (NYSE:VTLEGet Free Report) has received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $59.40.

A number of equities analysts have commented on the stock. Mizuho upped their price objective on shares of Vital Energy from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. raised their price objective 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. Piper Sandler dropped their target price on Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Wells Fargo & Company raised their price target on 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 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, April 22nd.

Get Our Latest Stock Report on Vital Energy

Vital Energy Price Performance

Shares of VTLE opened at $49.06 on Wednesday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 1.49 and a beta of 3.23. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The firm has a 50-day simple moving average of $52.70 and a 200-day simple moving average of $47.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62.

Vital Energy (NYSE:VTLEGet Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company had revenue of $444.52 million for the quarter, compared to the consensus estimate of $440.85 million. During the same period last year, the business posted $3.49 EPS. The company’s revenue was up 22.1% on a year-over-year basis. On average, equities research analysts anticipate that Vital Energy will post 9.13 earnings per share for the current year.

Institutional Trading of Vital Energy

A number of hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC raised its position in shares of Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Vital Energy in the 3rd quarter worth about $31,000. GAMMA Investing LLC acquired a new position in shares of Vital Energy in the 4th quarter valued at about $33,000. Quadrant Capital Group LLC grew its holdings 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 worth $43,000 after purchasing an additional 277 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Vital Energy by 18.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after purchasing an additional 274 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Vital Energy Company Profile

(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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