Vital Energy, Inc. (NYSE:VTLE) Receives $59.30 Consensus Price Target from Brokerages

Vital Energy, Inc. (NYSE:VTLE) has been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $59.30.

VTLE has been the subject of a number of research analyst reports. KeyCorp lifted their price objective on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Mizuho boosted their target price on shares of Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Bank of America reissued an “underperform” rating and issued a $46.00 target price on shares of Vital Energy in a research report on Friday, June 14th. Stifel Nicolaus upped their price objective on shares of Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Truist Financial cut their price objective on shares of 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 Price Performance

NYSE VTLE opened at $44.82 on Thursday. The company has a market capitalization of $1.64 billion, a PE ratio of 1.86 and a beta of 3.21. Vital Energy has a 12-month low of $40.00 and a 12-month high of $62.87. The firm’s 50 day moving average is $48.08 and its 200-day moving average is $47.80. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75.

Vital Energy (NYSE:VTLE) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm had revenue of $482.34 million during the quarter, compared to analysts’ expectations of $454.97 million. Equities research analysts anticipate that Vital Energy will post 7.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

A number of large investors have recently modified their holdings of VTLE. Smith Graham & Co. Investment Advisors LP lifted its stake in Vital Energy by 62.4% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock valued at $8,217,000 after acquiring an additional 69,398 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Vital Energy during the 4th quarter worth $2,877,000. Rafferty Asset Management LLC raised its stake in shares of Vital Energy by 52.8% during the 4th quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock worth $5,156,000 after purchasing an additional 39,147 shares during the period. Pinnacle Holdings LLC bought a new stake in shares of Vital Energy during the 4th quarter worth $826,000. Finally, Raymond James & Associates bought a new stake in shares of Vital Energy during the 4th quarter worth $2,432,000. 86.54% of the stock is currently owned by institutional investors.

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.