Vital Energy, Inc. (NYSE:VTLE) Receives $57.50 Consensus PT from Analysts

Vital Energy, Inc. (NYSE:VTLE) has earned an average recommendation of “Hold” from the ten brokerages that are currently 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 12 month target price among analysts that have issued a report on the stock in the last year is $58.10.

Several research analysts have recently weighed in on VTLE shares. Stifel Nicolaus cut their price objective on shares of Vital Energy from $86.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Raymond James increased their price target on shares of Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Piper Sandler decreased their price target on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday. Mizuho upped their price objective on Vital Energy from $54.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Truist Financial cut their target price on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, April 5th.

Hedge Funds Weigh In On Vital Energy

Several hedge funds and other institutional investors have recently made changes to their positions in VTLE. Swiss National Bank acquired a new stake in Vital Energy in the 2nd quarter valued at $1,648,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Vital Energy during the 2nd quarter valued at about $8,678,000. Great West Life Assurance Co. Can acquired a new position in Vital Energy during the 2nd quarter worth approximately $697,000. Osaic Holdings Inc. purchased a new position in Vital Energy in the 2nd quarter worth approximately $258,000. Finally, MetLife Investment Management LLC purchased a new position in Vital Energy in the 2nd quarter worth approximately $402,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Stock Up 0.9 %

Shares of NYSE VTLE opened at $53.76 on Friday. The firm’s 50 day moving average price is $50.87 and its 200 day moving average price is $47.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $1.97 billion, a P/E ratio of 1.63 and a beta of 3.24. Vital Energy has a 1 year low of $40.00 and a 1 year high of $62.87.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.11. The business had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.49 earnings per share. As a group, sell-side analysts anticipate that Vital Energy will post 9.48 earnings per share for the current year.

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.