Vital Energy (NYSE:VTLE) Price Target Raised to $49.00 at Truist Financial

Vital Energy (NYSE:VTLE) had its target price lifted by Truist Financial from $48.00 to $49.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 37.87% from the company’s previous close.

Several other brokerages also recently weighed in on VTLE. Wells Fargo & Company dropped their target price on shares of Vital Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. BMO Capital Markets dropped their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Mizuho dropped their target price on shares of Vital Energy from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Piper Sandler dropped their target price on shares of Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Vital Energy currently has an average rating of “Hold” and an average target price of $46.18.

Vital Energy Price Performance

Shares of VTLE opened at $35.54 on Monday. The firm has a market cap of $1.36 billion, a PE ratio of 2.49 and a beta of 3.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $33.43. Vital Energy has a 1-year low of $25.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 25.09% and a return on equity of 9.05%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.16 EPS. On average, equities analysts anticipate that Vital Energy will post 6.93 EPS for the current year.

Institutional Trading of Vital Energy

Several hedge funds have recently made changes to their positions in VTLE. Westwood Holdings Group Inc. purchased a new stake in shares of Vital Energy during the 2nd quarter valued at about $64,690,000. Tributary Capital Management LLC purchased a new stake in shares of Vital Energy during the 3rd quarter valued at about $7,945,000. Dimensional Fund Advisors LP raised its position in shares of Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after buying an additional 282,574 shares in the last quarter. Thomist Capital Management LP purchased a new stake in shares of Vital Energy during the 2nd quarter valued at about $10,443,000. Finally, State Street Corp raised its position in shares of Vital Energy by 14.4% during the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after buying an additional 220,871 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other 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.