Vital Energy (NYSE:VTLE) Trading Up 4.7% – Here’s Why

Vital Energy, Inc. (NYSE:VTLE)’s share price traded up 4.7% on Tuesday . The company traded as high as $34.67 and last traded at $34.83. 107,071 shares traded hands during trading, a decline of 86% from the average session volume of 740,283 shares. The stock had previously closed at $33.28.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VTLE shares. Mizuho increased their price objective on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Piper Sandler upped their target price on Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.90.

Vital Energy Trading Up 4.5 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s 50-day moving average is $32.18 and its two-hundred day moving average is $31.94. The company has a market cap of $1.33 billion, a P/E ratio of 2.44 and a beta of 3.12.

Hedge Funds Weigh In On Vital Energy

Several institutional investors have recently made changes to their positions in VTLE. Versor Investments LP raised its stake in Vital Energy by 2.8% during the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue raised its position in shares of Vital Energy by 2.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after purchasing an additional 409 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Vital Energy by 3.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after buying an additional 503 shares during the period. Cetera Investment Advisers increased its stake in Vital Energy by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock worth $1,447,000 after buying an additional 527 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Vital Energy by 9.1% during the fourth quarter. US Bancorp DE now owns 6,971 shares of the company’s stock valued at $216,000 after acquiring an additional 581 shares during the period. Institutional investors 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.