Vital Energy (NYSE:VTLE) Trading Up 4.7% - Here's Why

Vital Energy, Inc. (NYSE:VTLE - Get Free Report)'s share price was up 4.7% on Tuesday . The stock traded as high as $34.67 and last traded at $34.83. Approximately 107,071 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 740,283 shares. The stock had previously closed at $33.28.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VTLE shares. Wells Fargo & Company upped their price target on Vital Energy from $34.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Truist Financial increased their target price on Vital Energy from $48.00 to $49.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Piper Sandler increased 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. Finally, Wolfe Research upgraded Vital Energy from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $45.90.

Vital Energy Trading Up 1.7 %

The stock has a market cap of $1.31 billion, a PE ratio of 2.41 and a beta of 3.12. The stock has a 50-day moving average price of $32.42 and a two-hundred day moving average price of $31.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VTLE. Freestone Grove Partners LP bought a new stake in shares of Vital Energy during the fourth quarter valued at approximately $15,995,000. Tributary Capital Management LLC bought a new stake in shares of Vital Energy during the third quarter valued at approximately $7,945,000. State Street Corp raised its stake in shares of Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company's stock valued at $47,214,000 after acquiring an additional 220,871 shares in the last quarter. Barclays PLC raised its stake in shares of Vital Energy by 124.0% during the third quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after acquiring an additional 187,503 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Vital Energy during the fourth quarter valued at approximately $4,022,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Vital Energy Company Profile

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.