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

Shares of Vital Energy, Inc. (NYSE:VTLE) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $59.40.

Several research firms have recently weighed in on VTLE. KeyCorp increased their price objective on Vital Energy from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Wells Fargo & Company raised their price objective on shares of Vital Energy from $51.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Stifel Nicolaus upped their target price on shares of Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Raymond James raised their price target on Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Truist Financial decreased their price objective on Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, April 5th.

Vital Energy Trading Up 0.3 %

NYSE VTLE opened at $53.60 on Wednesday. The firm’s fifty day moving average price is $52.56 and its 200 day moving average price is $47.95. Vital Energy has a 12 month low of $40.00 and a 12 month high of $62.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 1.63 and a beta of 3.23.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. The business had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.49 earnings per share. On average, sell-side analysts expect that Vital Energy will post 9.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VTLE. ORG Partners LLC grew its stake in shares of Vital Energy by 100.0% during the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. BluePath Capital Management LLC acquired a new position in Vital Energy during the third quarter worth about $31,000. GAMMA Investing LLC purchased a new position in Vital Energy in the fourth quarter valued at about $33,000. Quadrant Capital Group LLC lifted its position in shares of Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Vital Energy by 18.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after acquiring an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.