Wells Fargo & Company Issues Positive Forecast for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its price target hoisted by Wells Fargo & Company from $34.00 to $36.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on VTLE. Mizuho raised their price target on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Piper Sandler decreased their price target on shares of Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Truist Financial upped their price target on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Vital Energy presently has a consensus rating of “Hold” and a consensus target price of $46.36.

Vital Energy Trading Down 0.1 %

Vital Energy stock opened at $36.06 on Wednesday. The stock has a market cap of $1.38 billion, a P/E ratio of 2.53 and a beta of 3.16. Vital Energy has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The firm’s fifty day moving average price is $31.37 and its 200-day moving average price is $33.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $5.16 earnings per share. Equities research analysts forecast that Vital Energy will post 6.91 earnings per share for the current fiscal year.

Institutional Trading of Vital Energy

Several hedge funds have recently made changes to their positions in VTLE. Arizona State Retirement System grew its holdings in shares of Vital Energy by 5.4% during the second quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock worth $299,000 after buying an additional 342 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Vital Energy by 19.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after acquiring an additional 282,574 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Vital Energy during the second quarter valued at $4,250,000. Seven Eight Capital LP bought a new position in Vital Energy in the 2nd quarter valued at about $579,000. Finally, First Eagle Investment Management LLC grew its position in Vital Energy by 4.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 216,905 shares of the company’s stock valued at $9,722,000 after buying an additional 9,200 shares in the last quarter. Institutional investors and hedge funds 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.