Vital Energy (NYSE:VTLE) Stock Price Expected to Rise, Mizuho Analyst Says

Vital Energy (NYSE:VTLE - Free Report) had its target price upped by Mizuho from $37.00 to $38.00 in a report issued on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

VTLE has been the topic of several other reports. Truist Financial boosted their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the stock a "buy" rating in a research note on Monday. Wells Fargo & Company dropped their price objective on Vital Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. raised their price objective on Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. BMO Capital Markets decreased their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. Finally, Wolfe Research raised Vital Energy from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Vital Energy currently has a consensus rating of "Hold" and an average target price of $46.18.

Vital Energy Stock Up 0.2 %

Shares of NYSE VTLE traded up $0.08 during midday trading on Tuesday, reaching $35.54. The company's stock had a trading volume of 647,355 shares, compared to its average volume of 869,181. The stock has a 50 day simple moving average of $31.37 and a 200-day simple moving average of $33.43. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 2.49 and a beta of 3.16. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same period in the previous year, the business earned $5.16 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Vital Energy will post 6.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in Vital Energy during the third quarter worth about $26,000. International Assets Investment Management LLC raised its position in shares of Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company's stock valued at $54,000 after buying an additional 1,943 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company's stock worth $63,000 after acquiring an additional 1,630 shares during the period. nVerses Capital LLC boosted its position in shares of Vital Energy by 94.4% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company's stock worth $94,000 after acquiring an additional 1,700 shares in the last quarter. Finally, US Bancorp DE increased its stake in Vital Energy by 1,878.3% in the third 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. 86.54% of the stock is 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.