Truist Financial Lowers Vital Energy (NYSE:VTLE) Price Target to $47.00

Vital Energy (NYSE:VTLE - Get Free Report) had its price target reduced by stock analysts at Truist Financial from $49.00 to $47.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price would suggest a potential upside of 68.95% from the stock's previous close.

Several other equities analysts also recently issued reports on VTLE. Mizuho upped their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Wells Fargo & Company upped their price target on shares of Vital Energy from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. raised their price target on shares of Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a report on Thursday, December 5th. Piper Sandler boosted their price objective on shares of Vital Energy from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $45.70.

Vital Energy Stock Down 3.0 %

VTLE traded down $0.87 during trading on Friday, hitting $27.82. The stock had a trading volume of 1,195,151 shares, compared to its average volume of 892,938. The stock has a 50 day simple moving average of $32.55 and a two-hundred day simple moving average of $31.41. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. Vital Energy has a twelve month low of $25.85 and a twelve month high of $58.30. The company has a market capitalization of $1.06 billion, a PE ratio of -5.86 and a beta of 3.12.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping 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 analysts' expectations of $550.90 million. On average, research analysts predict that Vital Energy will post 8.49 earnings per share for the current year.

Institutional Trading of Vital Energy

Hedge funds have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new position in shares of Vital Energy in the fourth quarter worth about $257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vital Energy by 7.0% in 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 purchasing an additional 1,740 shares in the last quarter. Woodline Partners LP acquired a new position in Vital Energy in the 4th quarter worth about $39,392,000. iSAM Funds UK Ltd boosted its position in Vital Energy by 154.5% during the fourth quarter. iSAM Funds UK Ltd now owns 23,909 shares of the company's stock worth $739,000 after purchasing an additional 14,516 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in 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. 86.54% of the stock is owned by hedge funds and other 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.