Vital Energy (NYSE:VTLE) Given New $30.00 Price Target at Raymond James

Vital Energy (NYSE:VTLE - Free Report) had its target price cut by Raymond James from $44.00 to $30.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on VTLE. Citigroup lowered shares of Vital Energy to a "reduce" rating in a research report on Wednesday, March 5th. Wells Fargo & Company upped their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. Siebert Williams Shank downgraded shares of Vital Energy from a "buy" rating to a "hold" rating and lowered their price target for the stock from $62.00 to $27.00 in a research note on Wednesday, March 5th. Mizuho boosted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vital Energy has an average rating of "Hold" and an average price target of $41.00.

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Vital Energy Price Performance

Shares of VTLE traded down $1.04 during mid-day trading on Monday, reaching $20.55. 439,109 shares of the stock traded hands, compared to its average volume of 938,979. The firm has a fifty day moving average price of $31.17 and a 200 day moving average price of $30.35. The company has a market cap of $783.39 million, a price-to-earnings ratio of -4.32 and a beta of 3.07. 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 has a 1 year low of $20.00 and a 1 year high of $58.30.

Vital Energy (NYSE:VTLE - Get Free Report) last announced 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 company had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. As a group, equities research analysts predict that Vital Energy will post 8.49 earnings per share for the current year.

Hedge Funds Weigh In On Vital Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its position in shares of Vital Energy by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company's stock valued at $28,000 after buying an additional 814 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of Vital Energy during the third quarter valued at about $26,000. R Squared Ltd purchased a new position in shares of Vital Energy during the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC increased its position in shares of Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company's stock valued at $34,000 after buying an additional 803 shares during the period. Finally, Quarry LP purchased a new position in shares of Vital Energy during the fourth quarter valued at about $37,000. 86.54% of the stock is owned by institutional investors.

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.