Vital Energy (NYSE:VTLE) Price Target Cut to $50.00 by Analysts at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its target price decreased by Wells Fargo & Company from $54.00 to $50.00 in a report issued on Monday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Mizuho increased their price objective on Vital Energy from $55.00 to $59.00 and gave the company a neutral rating in a research report on Monday, May 13th. KeyCorp raised their price target on Vital Energy from $55.00 to $63.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Wolfe Research assumed coverage on Vital Energy in a research report on Thursday, July 18th. They issued an underperform rating and a $50.00 price target on the stock. Piper Sandler reduced their price target on Vital Energy from $54.00 to $52.00 and set a neutral rating on the stock in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. raised their price target on Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $57.27.

Vital Energy Trading Up 0.3 %

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

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. The firm had revenue of $482.34 million for the quarter, compared to analyst estimates of $454.97 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. Analysts expect that Vital Energy will post 8.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTLE. ORG Partners LLC raised its stake in shares of Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares during the period. CWM LLC raised its stake in shares of Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after purchasing an additional 465 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Vital Energy in the 4th quarter valued at about $33,000. Quadrant Capital Group LLC raised its stake in shares of Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares during the period. Finally, Range Financial Group LLC acquired a new stake in shares of Vital Energy in the 1st quarter valued at about $206,000. 86.54% of the stock is currently owned by institutional investors.

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.