Analysts Set Vital Energy, Inc. (NYSE:VTLE) Target Price at $45.70

Vital Energy, Inc. (NYSE:VTLE - Get Free Report) has received an average recommendation of "Hold" from the eleven analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $44.00.

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on 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. upped their price objective on Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Mizuho upped their price objective on Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Piper Sandler dropped their price target on Vital Energy from $32.00 to $24.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd.

Institutional Trading of Vital Energy

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Vital Energy by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock valued at $17,031,000 after acquiring an additional 17,782 shares during the period. Jennison Associates LLC acquired a new stake in Vital Energy in the 4th quarter valued at approximately $750,000. Raymond James & Associates increased its position in Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company's stock valued at $3,905,000 after acquiring an additional 71,385 shares during the period. Wolverine Asset Management LLC acquired a new stake in Vital Energy in the 4th quarter valued at approximately $1,292,000. Finally, SG Americas Securities LLC acquired a new stake in Vital Energy in the 4th quarter valued at approximately $701,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Down 0.4 %

NYSE VTLE traded down $0.10 on Tuesday, hitting $21.73. 66,364 shares of the stock traded hands, compared to its average volume of 967,368. The stock has a 50-day moving average of $32.08 and a 200 day moving average of $30.87. Vital Energy has a twelve month low of $20.65 and a twelve month high of $58.30. The company has a market capitalization of $828.45 million, a P/E ratio of -4.53 and a beta of 3.12. 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 announced its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $550.90 million. As a group, analysts expect that Vital Energy will post 8.49 earnings per share for the current fiscal year.

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.