Vital Energy, Inc. (NYSE:VTLE) Receives Average Rating of “Hold” from Analysts

Shares of Vital Energy, Inc. (NYSE:VTLE) have earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.90.

Several research analysts have weighed in on the company. Truist Financial upped their target price on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Piper Sandler raised their price objective on shares of Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th.

Hedge Funds Weigh In On Vital Energy

Several large investors have recently bought and sold shares of the stock. Versor Investments LP increased its holdings in shares of 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 during the period. State of Alaska Department of Revenue increased its stake in Vital Energy by 2.7% during the third quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after acquiring an additional 409 shares during the period. The Manufacturers Life Insurance Company increased its stake in Vital Energy by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock valued at $390,000 after acquiring an additional 503 shares during the period. Cetera Investment Advisers raised its holdings in Vital Energy by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock valued at $1,447,000 after acquiring an additional 527 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company’s stock worth $216,000 after acquiring an additional 581 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Vital Energy Stock Down 3.3 %

Vital Energy stock opened at $31.51 on Friday. Vital Energy has a twelve month low of $25.85 and a twelve month high of $58.30. 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 firm has a market cap of $1.20 billion, a PE ratio of 2.21 and a beta of 3.12. The firm’s 50 day moving average price is $32.20 and its two-hundred day moving average price is $32.26.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. The business had revenue of $459.23 million during the quarter, compared to analyst estimates of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. Vital Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $5.16 earnings per share. On average, research analysts predict that Vital Energy will post 7.22 EPS for the current fiscal year.

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.