Truist Financial Trims Vital Energy (NYSE:VTLE) Target Price to $68.00

Vital Energy (NYSE:VTLE) had its price objective cut by Truist Financial from $75.00 to $68.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on the company. Mizuho upped their price objective on Vital Energy from $55.00 to $59.00 and gave the stock a neutral rating in a research note on Monday, May 13th. JPMorgan Chase & Co. upped their price objective on Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research note on Thursday, April 11th. KeyCorp upped their price objective on Vital Energy from $55.00 to $63.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Wolfe Research started coverage on Vital Energy in a research note on Thursday, July 18th. They set an underperform rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus upped their price objective on Vital Energy from $70.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Vital Energy currently has a consensus rating of Hold and a consensus target price of $57.27.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $43.14 on Monday. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 1.79 and a beta of 3.22. The business has a 50 day simple moving average of $45.29 and a 200-day simple moving average of $47.72.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The business had revenue of $482.34 million during the quarter, compared to the consensus estimate of $454.97 million. As a group, equities research analysts expect that Vital Energy will post 8.53 earnings per share for the current year.

Institutional Trading of Vital Energy

Institutional investors have recently modified their holdings of the company. ORG Partners LLC lifted its holdings in shares of Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after buying an additional 285 shares during the period. CWM LLC lifted its holdings in shares of Vital Energy by 400.9% in the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 465 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Vital Energy in the fourth quarter valued at $33,000. Quadrant Capital Group LLC lifted its holdings in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after buying an additional 277 shares during the period. Finally, Range Financial Group LLC acquired a new stake in shares of Vital Energy in the first quarter valued at $206,000. Institutional investors and hedge funds 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.