Vital Energy (NYSE:VTLE – Get Free Report) had its price objective lifted by research analysts at Truist Financial from $81.00 to $86.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 107.85% from the company’s previous close.
Several other research firms have also recently commented on VTLE. KeyCorp decreased their target price on shares of Vital Energy from $58.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. Citigroup assumed coverage on Vital Energy in a research report on Monday, November 20th. They issued a “buy” rating and a $60.00 target price on the stock. Piper Sandler decreased their price target on Vital Energy from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Bank of America assumed coverage on Vital Energy in a report on Friday, December 8th. They set an “underperform” rating and a $48.00 price target on the stock. Finally, Raymond James increased their target price on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.78.
View Our Latest Report on Vital Energy
Vital Energy Stock Performance
Shares of VTLE opened at $41.38 on Tuesday. The firm has a fifty day moving average of $43.87 and a 200-day moving average of $49.78. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 1.35 and a beta of 3.23. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.42 and a current ratio of 1.42. Vital Energy has a 1 year low of $39.74 and a 1 year high of $62.87.
Insider Transactions at Vital Energy
In other Vital Energy news, Director Lori A. Lancaster bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $45.03 per share, with a total value of $45,030.00. Following the completion of the purchase, the director now directly owns 1,747 shares in the company, valued at $78,667.41. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On Vital Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC boosted its stake in Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Vital Energy in the second quarter valued at $27,000. Headlands Technologies LLC acquired a new stake in shares of Vital Energy in the second quarter worth $31,000. BluePath Capital Management LLC purchased a new position in shares of Vital Energy during the third quarter valued at $31,000. Finally, GAMMA Investing LLC purchased a new position in shares of Vital Energy during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 86.59% of the company’s stock.
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.
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