JPMorgan Chase & Co. Has Lowered Expectations for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE - Get Free Report) had its target price dropped by JPMorgan Chase & Co. from $34.00 to $23.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 13.54% from the company's current price.

Several other equities analysts have also issued reports on VTLE. Citigroup lowered Vital Energy to a "reduce" rating in a report on Wednesday, March 5th. Piper Sandler reduced their price target on shares of Vital Energy from $32.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Williams Trading set a $27.00 price target on Vital Energy in a research report on Wednesday, March 5th. Siebert Williams Shank lowered Vital Energy from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Finally, Mizuho increased their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy presently has a consensus rating of "Hold" and an average target price of $40.46.

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Vital Energy Stock Down 6.2 %

Vital Energy stock traded down $1.33 during trading on Thursday, hitting $20.26. 857,662 shares of the company were exchanged, compared to its average volume of 940,664. The company has a market capitalization of $772.22 million, a P/E ratio of -4.27 and a beta of 3.07. The business's 50 day moving average is $31.17 and its 200 day moving average is $30.35. Vital Energy has a 52 week low of $20.00 and a 52 week high of $58.30. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The firm had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. Analysts predict that Vital Energy will post 8.49 earnings per share for the current year.

Hedge Funds Weigh In On Vital Energy

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in shares of Vital Energy by 1,878.3% during the 3rd quarter. US Bancorp DE now owns 6,390 shares of the company's stock valued at $172,000 after acquiring an additional 6,067 shares during the last quarter. Principal Financial Group Inc. lifted its position in Vital Energy by 0.9% during the third quarter. Principal Financial Group Inc. now owns 127,271 shares of the company's stock valued at $3,424,000 after purchasing an additional 1,089 shares during the last quarter. Versor Investments LP grew its stake in Vital Energy by 2.8% in the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company's stock worth $401,000 after buying an additional 400 shares in the last quarter. Entropy Technologies LP increased its holdings in shares of Vital Energy by 34.7% in the 3rd quarter. Entropy Technologies LP now owns 22,518 shares of the company's stock worth $606,000 after buying an additional 5,801 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Vital Energy by 153.9% during the 3rd quarter. GSA Capital Partners LLP now owns 43,037 shares of the company's stock valued at $1,158,000 after buying an additional 26,089 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.

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