Vital Energy (NYSE:VTLE) Downgraded by Siebert Williams Shank to "Hold"

Vital Energy (NYSE:VTLE - Get Free Report) was downgraded by investment analysts at Siebert Williams Shank from a "buy" rating to a "hold" rating in a report issued on Wednesday, MarketBeat reports. They presently have a $27.00 target price on the stock, down from their previous target price of $62.00. Siebert Williams Shank's price target points to a potential upside of 17.01% from the company's previous close.

Several other analysts also recently commented on the stock. Truist Financial reduced their price target on shares of Vital Energy from $49.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. Mizuho increased their target price 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. Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, Piper Sandler lifted their target price on Vital Energy from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $44.00.

Vital Energy Trading Down 3.1 %

NYSE VTLE opened at $23.08 on Wednesday. Vital Energy has a 12 month low of $22.12 and a 12 month high of $58.30. The company has a market capitalization of $879.64 million, a price-to-earnings ratio of -4.86 and a beta of 3.12. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. The firm's fifty day moving average price is $32.23 and its 200 day moving average price is $30.93.

Vital Energy (NYSE:VTLE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $550.90 million. On average, sell-side analysts expect that Vital Energy will post 8.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Vital Energy by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock worth $17,031,000 after purchasing an additional 17,782 shares in the last quarter. Jennison Associates LLC purchased a new stake in Vital Energy during the fourth quarter worth about $750,000. Wolverine Asset Management LLC acquired a new position in Vital Energy during the fourth quarter worth about $1,292,000. SG Americas Securities LLC purchased a new position in Vital Energy in the fourth quarter valued at about $701,000. Finally, Empowered Funds LLC lifted its position in shares of Vital Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 192,921 shares of the company's stock valued at $5,965,000 after acquiring an additional 9,320 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.

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