Vital Energy (NYSE:VTLE – Get Free Report) had its price target raised by stock analysts at JPMorgan Chase & Co. from $48.00 to $51.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 9.70% from the company’s previous close.
Several other brokerages also recently commented on VTLE. Raymond James lifted their price target on Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Piper Sandler lifted their price target on Vital Energy from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. TheStreet downgraded Vital Energy from a “b-” rating to a “c+” rating in a research report on Thursday, December 14th. Mizuho lifted their price target on Vital Energy from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Truist Financial dropped their price target on Vital Energy from $86.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.50.
Read Our Latest Stock Report on VTLE
Vital Energy Stock Down 1.1 %
Shares of VTLE stock opened at $56.48 on Thursday. The stock’s 50 day simple moving average is $49.73 and its 200 day simple moving average is $47.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 1.72 and a beta of 3.24.
Vital Energy (NYSE:VTLE – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The business had revenue of $444.52 million for the quarter, compared to the consensus estimate of $440.85 million. During the same period last year, the business earned $3.49 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Vital Energy will post 9.59 EPS for the current year.
Institutional Trading of Vital Energy
Several institutional investors have recently modified their holdings of VTLE. BlackRock Inc. acquired a new stake in Vital Energy in the 2nd quarter valued at $129,151,000. State Street Corp acquired a new stake in Vital Energy in the 2nd quarter valued at $72,076,000. Vanguard Group Inc. boosted its stake in Vital Energy by 37.7% in the 4th quarter. Vanguard Group Inc. now owns 1,816,743 shares of the company’s stock valued at $82,644,000 after buying an additional 497,340 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Vital Energy in the 2nd quarter valued at $15,542,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Vital Energy in the 2nd quarter valued at $9,441,000. Institutional investors and hedge funds own 86.54% 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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