Vital Energy (NYSE:VTLE) Price Target Raised to $49.00 at Truist Financial

Vital Energy (NYSE:VTLE - Free Report) had its target price raised by Truist Financial from $48.00 to $49.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Piper Sandler cut their target price on Vital Energy from $35.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Wolfe Research raised shares of Vital Energy from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. BMO Capital Markets cut their price target on shares of Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. Mizuho decreased their price objective on shares of Vital Energy from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company cut their target price on Vital Energy from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.09.

Vital Energy Stock Down 0.7 %

Shares of Vital Energy stock traded down $0.24 during trading on Monday, hitting $35.40. The company's stock had a trading volume of 1,133,779 shares, compared to its average volume of 900,868. Vital Energy has a 52 week low of $25.85 and a 52 week high of $58.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day simple moving average of $31.20 and a two-hundred day simple moving average of $33.49. The company has a market capitalization of $1.35 billion, a PE ratio of 2.48 and a beta of 3.16.

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

Institutional Investors Weigh In On Vital Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System grew its position in Vital Energy by 5.4% during the second quarter. Arizona State Retirement System now owns 6,670 shares of the company's stock valued at $299,000 after buying an additional 342 shares during the period. Versor Investments LP grew its position in shares of Vital Energy by 2.8% during the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company's stock valued at $401,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Vital Energy by 2.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company's stock worth $414,000 after purchasing an additional 409 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Vital Energy by 3.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company's stock worth $390,000 after purchasing an additional 503 shares during the period. Finally, Cetera Investment Advisers lifted its position in Vital Energy by 1.7% during the second quarter. Cetera Investment Advisers now owns 32,288 shares of the company's stock valued at $1,447,000 after purchasing an additional 527 shares in the last quarter. Hedge funds and other institutional investors 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.