Vital Energy, Inc. (NYSE:VTLE) Given Consensus Rating of “Hold” by Brokerages

Shares of Vital Energy, Inc. (NYSE:VTLE) have received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $46.36.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised their target price on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho raised their target price on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday. BMO Capital Markets cut their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Vital Energy Stock Performance

Shares of Vital Energy stock opened at $35.98 on Monday. Vital Energy has a one year low of $25.85 and a one year high of $58.30. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 2.52 and a beta of 3.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50 day moving average price is $31.72 and its 200 day moving average price is $33.40.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The firm had revenue of $459.23 million for the quarter, compared to the consensus estimate of $461.58 million. During the same quarter last year, the business posted $5.16 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, research analysts predict that Vital Energy will post 6.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System grew its stake in Vital Energy by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock worth $299,000 after purchasing an additional 342 shares in the last quarter. Versor Investments LP grew its stake in Vital Energy by 2.8% during the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after purchasing an additional 400 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Vital Energy by 2.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock worth $414,000 after buying an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Vital Energy by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after buying an additional 503 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Vital Energy by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock worth $1,447,000 after buying an additional 527 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.