Piper Sandler Issues Positive Forecast for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its price objective upped by Piper Sandler from $27.00 to $32.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on VTLE. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Mizuho upped their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Wells Fargo & Company lifted their price objective on Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets cut their target price on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.90.

Vital Energy Stock Down 0.5 %

Vital Energy stock opened at $33.62 on Wednesday. The company has a market capitalization of $1.28 billion, a PE ratio of 2.35 and a beta of 3.16. 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 has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The firm has a 50 day moving average price of $32.23 and a 200 day moving average price of $32.75.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. Vital Energy’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. Research analysts expect that Vital Energy will post 7.19 earnings per share for the current year.

Institutional Trading of Vital Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tributary Capital Management LLC acquired a new position in shares of Vital Energy in the 3rd quarter valued at $7,945,000. State Street Corp boosted its stake in Vital Energy by 14.4% in the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after acquiring an additional 220,871 shares in the last quarter. Barclays PLC grew its holdings in shares of Vital Energy by 124.0% during the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after purchasing an additional 187,503 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Vital Energy by 29.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 401,302 shares of the company’s stock worth $10,795,000 after purchasing an additional 90,523 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock valued at $3,905,000 after purchasing an additional 71,385 shares during 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.