Stifel Nicolaus Boosts Vital Energy (NYSE:VTLE) Price Target to $75.00

Vital Energy (NYSE:VTLE) had its target price raised by Stifel Nicolaus from $70.00 to $75.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Piper Sandler reduced their price target on shares of Vital Energy from $54.00 to $52.00 and set a neutral rating on the stock in a research report on Friday, April 19th. Truist Financial reduced their price target on shares of Vital Energy from $86.00 to $77.00 and set a buy rating on the stock in a research report on Friday, April 5th. Wells Fargo & Company increased their price target on shares of Vital Energy from $51.00 to $57.00 and gave the stock an equal weight rating in a research report on Thursday, April 18th. Mizuho increased their price target on shares of Vital Energy from $54.00 to $55.00 and gave the stock a neutral rating in a research report on Monday, April 15th. Finally, KeyCorp increased their price target on shares of Vital Energy from $55.00 to $63.00 and gave the stock an overweight rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Vital Energy currently has a consensus rating of Hold and an average price target of $59.40.

Vital Energy Stock Down 0.9 %

Shares of Vital Energy stock opened at $54.64 on Tuesday. The business has a 50-day moving average of $51.69 and a 200-day moving average of $48.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $2.00 billion, a PE ratio of 1.66 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 announced its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.11. The company had revenue of $444.52 million during the quarter, compared to the consensus estimate of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $3.49 earnings per share. As a group, equities analysts forecast that Vital Energy will post 9.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

A number of large investors have recently bought and sold shares of VTLE. ORG Partners LLC raised its holdings in shares of Vital Energy by 100.0% during the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after buying an additional 285 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of Vital Energy during the third quarter valued at approximately $31,000. GAMMA Investing LLC bought a new stake in shares of Vital Energy during the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC raised 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 buying an additional 277 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised 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 buying an additional 274 shares during the last quarter. 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.