Vital Energy (NYSE:VTLE – Free Report) had its target price trimmed by Wells Fargo & Company from $57.00 to $54.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the stock.
A number of other equities analysts have also weighed in on VTLE. Truist Financial dropped their target price on shares of Vital Energy from $86.00 to $77.00 and set a buy rating for the company in a research report on Friday, April 5th. Mizuho lifted their price objective on shares of Vital Energy from $55.00 to $59.00 and gave the stock a neutral rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research note on Thursday, April 11th. Piper Sandler dropped their price objective on shares of Vital Energy from $54.00 to $52.00 and set a neutral rating for the company in a research note on Friday, April 19th. Finally, Raymond James lifted their price objective on shares of Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $59.50.
View Our Latest Stock Report on VTLE
Vital Energy Price Performance
Shares of NYSE:VTLE opened at $49.34 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average price of $52.68 and a 200 day moving average price of $47.87. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 2.04 and a beta of 3.23.
Vital Energy (NYSE:VTLE – Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The firm had revenue of $444.52 million during the quarter, compared to analyst estimates of $440.85 million. During the same quarter in the prior year, the business earned $3.49 earnings per share. Vital Energy’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts expect that Vital Energy will post 8.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Vital Energy
Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Vital Energy by 18.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after buying an additional 274 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after buying an additional 277 shares in the last quarter. ORG Partners LLC lifted its holdings in Vital Energy by 100.0% during the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after buying an additional 285 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Vital Energy by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after buying an additional 297 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Vital Energy by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after buying an additional 324 shares in the last quarter. Institutional investors 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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Source: defenseworld.net
