Raymond James Has Lowered Expectations for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its price target dropped by stock analysts at Raymond James from $44.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 43.68% from the stock’s previous close.

VTLE has been the subject of a number of other research reports. Citigroup lowered shares of Vital Energy to a “reduce” rating in a report on Wednesday, March 5th. Piper Sandler cut their price target on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company boosted their price objective on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. 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 report on Thursday, December 5th. Finally, Truist Financial cut their target price on Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.00.

Vital Energy Stock Performance

NYSE VTLE opened at $20.88 on Monday. The firm’s fifty day moving average price is $31.36 and its two-hundred day moving average price is $30.41. The stock has a market cap of $795.97 million, a PE ratio of -4.40 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. Vital Energy has a fifty-two week low of $20.00 and a fifty-two week high of $58.30.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. The business had revenue of $534.37 million for the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. On average, equities analysts expect that Vital Energy will post 8.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Several institutional investors have recently added to or reduced their stakes in VTLE. US Bancorp DE increased its stake in shares of Vital Energy by 1,878.3% in the 3rd quarter. US Bancorp DE now owns 6,390 shares of the company’s stock valued at $172,000 after acquiring an additional 6,067 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Vital Energy by 0.9% in the third quarter. Principal Financial Group Inc. now owns 127,271 shares of the company’s stock worth $3,424,000 after purchasing an additional 1,089 shares during the period. Tyler Stone Wealth Management increased its stake in Vital Energy by 127.7% in the third quarter. Tyler Stone Wealth Management now owns 25,390 shares of the company’s stock valued at $683,000 after purchasing an additional 14,237 shares in the last quarter. Versor Investments LP raised its holdings in shares of Vital Energy by 2.8% during the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock valued at $401,000 after purchasing an additional 400 shares during the period. Finally, Entropy Technologies LP boosted its position in shares of Vital Energy by 34.7% during the 3rd quarter. Entropy Technologies LP now owns 22,518 shares of the company’s stock worth $606,000 after purchasing an additional 5,801 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.