Mizuho Boosts Vital Energy (NYSE:VTLE) Price Target to $55.00

Vital Energy (NYSE:VTLE) had its target price raised by Mizuho from $54.00 to $55.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

VTLE has been the subject of a number of other research reports. KeyCorp lowered their price target on Vital Energy from $58.00 to $55.00 and set an overweight rating for the company in a report on Thursday, January 11th. Stifel Nicolaus reduced their price objective on Vital Energy from $86.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Raymond James boosted their price objective on Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. boosted their price objective on Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research report on Thursday, April 11th. Finally, Piper Sandler boosted their price objective on Vital Energy from $50.00 to $54.00 and gave the stock a neutral rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $57.60.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $53.63 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The stock has a market capitalization of $1.97 billion, a PE ratio of 1.63 and a beta of 3.24. The business has a fifty day moving average price of $50.47 and a two-hundred day moving average price of $47.88.

Vital Energy (NYSE:VTLE) last posted its quarterly 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. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. During the same quarter in the previous year, the firm earned $3.49 EPS. Vital Energy’s revenue was up 22.1% on a year-over-year basis. As a group, equities analysts predict that Vital Energy will post 9.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors have recently made changes to their positions in VTLE. BlackRock Inc. bought a new stake in shares of Vital Energy in the 2nd quarter valued at about $129,151,000. State Street Corp bought a new stake in shares of Vital Energy during the 2nd quarter valued at about $72,076,000. Vanguard Group Inc. boosted its position in shares of Vital Energy by 37.7% during the 4th quarter. Vanguard Group Inc. now owns 1,816,743 shares of the company’s stock valued at $82,644,000 after purchasing an additional 497,340 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Vital Energy during the 2nd quarter valued at about $15,542,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Vital Energy during the 2nd quarter valued at about $9,441,000. Institutional investors own 86.54% of the company’s stock.

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.