Vital Energy, Inc. (NYSE:VTLE) Receives $59.30 Average PT from Analysts

Shares of Vital Energy, Inc. (NYSE:VTLE) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $59.30.

VTLE has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of Vital Energy from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. upped their price target on Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Piper Sandler reduced their price objective on Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Truist Financial lowered their price objective on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Mizuho raised their target price on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VTLE. First Eagle Investment Management LLC acquired a new position in shares of Vital Energy in the 4th quarter worth approximately $7,306,000. Webs Creek Capital Management LP acquired a new position in Vital Energy in the first quarter worth $7,619,000. Vanguard Group Inc. boosted its stake in Vital Energy by 9.5% in the third quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company’s stock worth $73,121,000 after purchasing an additional 114,629 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vital Energy by 27.5% during the third quarter. Invesco Ltd. now owns 516,299 shares of the company’s stock worth $28,613,000 after purchasing an additional 111,320 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Vital Energy in the first quarter valued at $5,666,000. 86.54% of the stock is owned by institutional investors.

Vital Energy Stock Up 0.7 %

Shares of VTLE stock opened at $45.12 on Thursday. Vital Energy has a 12 month low of $40.00 and a 12 month high of $62.87. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.65 billion, a PE ratio of 1.87 and a beta of 3.23. The stock has a 50 day moving average of $47.90 and a 200-day moving average of $47.85.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.78 by $0.13. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm had revenue of $482.34 million during the quarter, compared to analysts’ expectations of $454.97 million. On average, equities analysts predict that Vital Energy will post 7.97 EPS for the current year.

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.