Vital Energy (NYSE:VTLE) Price Target Lowered to $24.00 at Piper Sandler

Vital Energy (NYSE:VTLE - Get Free Report) had its price target lowered by Piper Sandler from $32.00 to $24.00 in a report released on Thursday, MarketBeat.com reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's target price would indicate a potential upside of 17.53% from the company's current price.

Several other analysts have also recently weighed in on the stock. Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Siebert Williams Shank lowered shares of Vital Energy from a "buy" rating to a "hold" rating and reduced their price objective for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Truist Financial lowered their target price on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Mizuho lifted their price target on Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price objective on Vital Energy from $34.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Vital Energy has a consensus rating of "Hold" and an average target price of $41.00.

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Vital Energy Stock Down 2.5 %

VTLE stock traded down $0.52 during midday trading on Thursday, hitting $20.42. The company's stock had a trading volume of 1,852,345 shares, compared to its average volume of 934,641. The firm has a 50-day simple moving average of $31.74 and a 200-day simple moving average of $30.62. The firm has a market capitalization of $778.43 million, a P/E ratio of -4.30 and a beta of 3.07. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. Vital Energy has a 52-week low of $20.02 and a 52-week high of $58.30.

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

Institutional Trading of Vital Energy

Large investors have recently bought and sold shares of the business. GF Fund Management CO. LTD. purchased a new stake in shares of Vital Energy in the fourth quarter valued at about $257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Vital Energy by 7.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,724 shares of the company's stock valued at $826,000 after acquiring an additional 1,740 shares during the last quarter. Woodline Partners LP acquired a new stake in Vital Energy during the 4th quarter worth approximately $39,392,000. iSAM Funds UK Ltd grew its stake in shares of Vital Energy by 154.5% in the 4th quarter. iSAM Funds UK Ltd now owns 23,909 shares of the company's stock valued at $739,000 after purchasing an additional 14,516 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Vital Energy by 5.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company's stock valued at $68,466,000 after purchasing an additional 118,367 shares during the period. Institutional investors and hedge funds 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.