Raymond James Lowers Vital Energy (NYSE:VTLE) Price Target to $30.00

Vital Energy (NYSE:VTLE) had its price objective lowered by Raymond James from $44.00 to $30.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also commented on VTLE. Siebert Williams Shank lowered Vital Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from $62.00 to $27.00 in a report on Wednesday, March 5th. Wells Fargo & Company boosted their price target on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Piper Sandler decreased their price objective on shares of Vital Energy from $32.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Truist Financial decreased their price target on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.00.

Vital Energy Stock Performance

NYSE VTLE opened at $21.53 on Monday. The company has a fifty day moving average price of $31.17 and a 200-day moving average price of $30.35. The firm has a market cap of $820.55 million, a price-to-earnings ratio of -4.53 and a beta of 3.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy has a 1 year low of $20.00 and a 1 year high of $58.30.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. The business had revenue of $534.37 million during the quarter, compared to the consensus estimate of $550.90 million. As a group, equities research analysts predict that Vital Energy will post 8.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Versor Investments LP increased its holdings in shares of Vital Energy by 2.8% in the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock worth $401,000 after purchasing an additional 400 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Vital Energy by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after purchasing an additional 503 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Vital Energy by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company’s stock valued at $503,000 after purchasing an additional 535 shares in the last quarter. US Bancorp DE grew its stake in Vital Energy by 9.1% in the 4th quarter. US Bancorp DE now owns 6,971 shares of the company’s stock worth $216,000 after buying an additional 581 shares in the last quarter. Finally, ClearAlpha Technologies LP increased its holdings in shares of Vital Energy by 5.1% in the 3rd quarter. ClearAlpha Technologies LP now owns 13,250 shares of the company’s stock worth $356,000 after buying an additional 644 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

About Vital Energy

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.