Vital Energy (NYSE:VTLE) Price Target Raised to $36.00

Vital Energy (NYSE:VTLE - Get Free Report) had its target price hoisted by equities researchers at Wells Fargo & Company from $34.00 to $36.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock.

Several other analysts have also weighed in on VTLE. Piper Sandler decreased their target price on shares of Vital Energy from $35.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Mizuho lifted their price objective on Vital Energy from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Tuesday. Truist Financial increased their target price on Vital Energy from $48.00 to $49.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on Vital Energy from $29.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets lowered their price target on Vital Energy from $48.00 to $40.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $46.36.

Vital Energy Stock Performance

Shares of VTLE stock traded up $0.43 during mid-day trading on Wednesday, reaching $36.00. The stock had a trading volume of 677,690 shares, compared to its average volume of 847,899. Vital Energy has a one year low of $25.85 and a one year high of $58.30. The firm has a market cap of $1.37 billion, a PE ratio of 2.52 and a beta of 3.16. The firm's 50 day simple moving average is $31.37 and its 200 day simple moving average is $33.43. 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 (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million during the quarter, compared to analysts' expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. Vital Energy's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $5.16 earnings per share. On average, analysts forecast that Vital Energy will post 6.93 EPS for the current year.

Institutional Trading of Vital Energy

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Vital Energy by 0.9% in the third quarter. Principal Financial Group Inc. now owns 127,271 shares of the company's stock valued at $3,424,000 after buying an additional 1,089 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Vital Energy by 6.4% in the third quarter. Franklin Resources Inc. now owns 12,662 shares of the company's stock worth $363,000 after acquiring an additional 758 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Vital Energy by 4.6% during the third quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company's stock worth $582,000 after purchasing an additional 951 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Vital Energy by 2.9% during the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company's stock valued at $17,031,000 after purchasing an additional 17,782 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company's stock valued at $9,110,000 after purchasing an additional 187,503 shares in the last quarter. 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.