Brokerages Set Vital Energy, Inc. (NYSE:VTLE) PT at $46.00

Shares of Vital Energy, Inc. (NYSE:VTLE) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $46.36.

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. BMO Capital Markets reduced their price objective on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company boosted their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their price target 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.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $35.98 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $31.72 and its 200-day simple moving average is $33.23. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 2.52 and a beta of 3.16.

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

Hedge Funds Weigh In On Vital Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in shares of Vital Energy by 10.6% during the 2nd quarter. Rhumbline Advisers now owns 84,754 shares of the company’s stock worth $3,799,000 after acquiring an additional 8,143 shares during the period. Arizona State Retirement System raised its stake in 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 purchasing an additional 342 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after purchasing an additional 282,574 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Vital Energy in the 2nd quarter valued at about $4,250,000. Finally, Denali Advisors LLC grew its stake in shares of Vital Energy by 527.4% in the 2nd quarter. Denali Advisors LLC now owns 39,527 shares of the company’s stock valued at $1,772,000 after buying an additional 33,227 shares during the period. 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.