KeyCorp Boosts Vital Energy (NYSE:VTLE) Price Target to $63.00

Vital Energy (NYSE:VTLE) had its target price upped by KeyCorp from $55.00 to $63.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on VTLE. Wells Fargo & Company upped their price target on Vital Energy from $51.00 to $57.00 and gave the stock an equal weight rating in a research note on Thursday, April 18th. Truist Financial reduced their price target on Vital Energy from $86.00 to $77.00 and set a buy rating on the stock in a research note on Friday, April 5th. Raymond James upped their price target on Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their price target on Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research note on Thursday, April 11th. Finally, Piper Sandler reduced their price target on Vital Energy from $54.00 to $52.00 and set a neutral rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $59.40.

Vital Energy Price Performance

VTLE opened at $55.14 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. Vital Energy has a 52-week low of $40.00 and a 52-week high of $62.87. The stock has a market capitalization of $2.02 billion, a PE ratio of 1.68 and a beta of 3.24. The stock’s 50 day moving average price is $51.52 and its 200-day moving average price is $48.08.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The firm had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. During the same period in the previous year, the firm earned $3.49 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that Vital Energy will post 9.32 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC grew its stake in shares of Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Vital Energy during the third quarter valued at $31,000. GAMMA Investing LLC bought a new position in shares of Vital Energy during the fourth quarter valued at $33,000. Quadrant Capital Group LLC lifted its holdings in shares of Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Vital Energy by 18.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after purchasing an additional 274 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other 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.