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Vital Energy, Inc. (NYSE:VTLE) Receives $46.00 Consensus Target Price from Analysts

Vital Energy logo with Oils/Energy background

Shares of Vital Energy, Inc. (NYSE:VTLE - Get Free Report) have received an average recommendation of "Hold" from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.09.

A number of analysts have recently weighed in on VTLE shares. Piper Sandler dropped their price target on Vital Energy from $35.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. BMO Capital Markets cut their target price on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company lowered their price target on shares of Vital Energy from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Finally, Truist Financial raised their target price on Vital Energy from $48.00 to $49.00 and gave the company a "buy" rating in a research report on Monday.

Read Our Latest Research Report on VTLE

Hedge Funds Weigh In On Vital Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Vital Energy during the third quarter valued at $26,000. International Assets Investment Management LLC increased its holdings in Vital Energy by 2,590.7% in the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company's stock worth $54,000 after buying an additional 1,943 shares during the last quarter. Signaturefd LLC grew its position in Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company's stock worth $63,000 after acquiring an additional 1,630 shares in the last quarter. nVerses Capital LLC raised its holdings 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 valued at $94,000 after purchasing an additional 1,700 shares in the last quarter. Finally, US Bancorp DE increased its position in Vital Energy by 1,878.3% during the third quarter. US Bancorp DE now owns 6,390 shares of the company's stock worth $172,000 after buying an additional 6,067 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Vital Energy Stock Down 1.0 %

Shares of Vital Energy stock traded down $0.36 during trading hours on Monday, hitting $35.28. 537,037 shares of the company's stock traded hands, compared to its average volume of 813,369. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a twelve month low of $25.85 and a twelve month high of $58.30. The stock has a 50 day simple moving average of $31.02 and a 200-day simple moving average of $33.56. The company has a market cap of $1.35 billion, a PE ratio of 2.47 and a beta of 3.16.

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

About Vital Energy

(Get Free Report

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.

Further Reading

Analyst Recommendations for Vital Energy (NYSE:VTLE)

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