Vital Energy (NYSE:VTLE) Given New $36.00 Price Target at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its price target lifted by analysts at Wells Fargo & Company from $34.00 to $36.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 1.39% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Truist Financial lifted their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Mizuho boosted their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, BMO Capital Markets cut their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.36.

Vital Energy Trading Up 1.1 %

Shares of NYSE:VTLE opened at $36.51 on Wednesday. The company’s 50-day moving average price is $31.51 and its two-hundred day moving average price is $33.45. Vital Energy has a one year low of $25.85 and a one year high of $58.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $1.39 billion, a PE ratio of 2.56 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last released its earnings results 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 for 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 revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.16 earnings per share. On average, equities analysts forecast that Vital Energy will post 6.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in Vital Energy during the 3rd quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB increased its position in Vital Energy by 247.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock worth $48,000 after buying an additional 1,106 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Vital Energy by 2,590.7% during the third quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after buying an additional 1,943 shares in the last quarter. Signaturefd LLC boosted its position in shares of Vital Energy by 234.2% in the third quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after acquiring an additional 1,630 shares during the period. Finally, nVerses Capital LLC grew its stake in shares of Vital Energy by 94.4% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $94,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds 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.