Vital Energy (NYSE:VTLE) Given New $47.00 Price Target at Truist Financial

Vital Energy (NYSE:VTLE) had its price objective reduced by Truist Financial from $49.00 to $47.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on VTLE. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. upped their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Mizuho lifted their target price on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price target on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Piper Sandler increased their price objective on Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.70.

Vital Energy Price Performance

NYSE VTLE opened at $28.77 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The company has a market cap of $1.10 billion, a PE ratio of -6.06 and a beta of 3.12. The stock’s 50-day moving average price is $32.58 and its two-hundred day moving average price is $31.55.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.27. The business had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.32%. On average, analysts predict that Vital Energy will post 8.49 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

A number of large investors have recently bought and sold shares of VTLE. Woodline Partners LP bought a new stake in Vital Energy during the fourth quarter worth approximately $39,392,000. Condire Management LP acquired a new stake in shares of Vital Energy in the fourth quarter worth $19,066,000. Freestone Grove Partners LP bought a new stake in shares of Vital Energy during the 4th quarter worth $15,995,000. Tributary Capital Management LLC acquired a new position in Vital Energy in the 3rd quarter valued at $7,945,000. Finally, State Street Corp raised its holdings in Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after acquiring an additional 220,871 shares during the period. 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.