Seaport Res Ptn Comments on Vital Energy, Inc.’s Q2 2024 Earnings (NYSE:VTLE)

Vital Energy, Inc. (NYSE:VTLEFree Report) – Analysts at Seaport Res Ptn increased their Q2 2024 EPS estimates for Vital Energy in a research note issued to investors on Thursday, May 23rd. Seaport Res Ptn analyst N. Pope now anticipates that the company will post earnings of $2.27 per share for the quarter, up from their prior forecast of $2.25. The consensus estimate for Vital Energy’s current full-year earnings is $8.15 per share.

Several other research analysts have also recently weighed in on VTLE. KeyCorp boosted their target price on Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Mizuho raised their target price on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Stifel Nicolaus lifted their price target on Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Truist Financial dropped their price objective on shares of Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Wells Fargo & Company reduced their target price on shares of Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vital Energy has an average rating of “Hold” and a consensus price target of $59.50.

Check Out Our Latest Report on VTLE

Vital Energy Trading Up 0.8 %

Shares of VTLE stock opened at $47.91 on Monday. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $52.41 and its two-hundred day moving average is $47.88. The firm has a market capitalization of $1.76 billion, a P/E ratio of 1.99 and a beta of 3.23.

Institutional Trading of Vital Energy

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Vital Energy by 13.9% in the third quarter. Victory Capital Management Inc. now owns 23,450 shares of the company’s stock valued at $1,300,000 after buying an additional 2,870 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Vital Energy during the 3rd quarter worth approximately $580,000. Barclays PLC boosted its holdings in shares of Vital Energy by 35.1% in the 3rd quarter. Barclays PLC now owns 28,203 shares of the company’s stock valued at $1,563,000 after buying an additional 7,334 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new position in shares of Vital Energy in the 3rd quarter valued at $579,000. Finally, Great Lakes Advisors LLC acquired a new stake in Vital Energy during the 3rd quarter worth $222,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Vital Energy Company Profile

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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.

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Earnings History and Estimates for Vital Energy (NYSE:VTLE)

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