Vital Energy (NYSE:VTLE – Free Report) had its price target cut by Truist Financial from $75.00 to $68.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.
Other equities analysts have also recently issued reports about the company. Wells Fargo & Company decreased their target price on Vital Energy from $54.00 to $50.00 and set an equal weight rating on the stock in a report on Monday. Mizuho lifted their target price on Vital Energy from $55.00 to $59.00 and gave the stock a neutral rating in a report on Monday, May 13th. KeyCorp lifted their target price on Vital Energy from $55.00 to $63.00 and gave the stock an overweight rating in a report on Monday, April 22nd. Stifel Nicolaus lifted their target price on Vital Energy from $70.00 to $75.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Vital Energy has a consensus rating of Hold and a consensus price target of $57.27.
Read Our Latest Stock Report on Vital Energy
Vital Energy Stock Down 0.9 %
VTLE opened at $45.27 on Monday. Vital Energy has a one year low of $40.00 and a one year high of $62.87. 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 stock’s fifty day moving average is $45.63 and its 200-day moving average is $47.79. The company has a market capitalization of $1.66 billion, a PE ratio of 1.88 and a beta of 3.23.
Vital Energy (NYSE:VTLE – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The company had revenue of $482.34 million for the quarter, compared to the consensus estimate of $454.97 million. On average, equities analysts predict that Vital Energy will post 8.58 EPS for the current fiscal year.
Institutional Trading of Vital Energy
A number of institutional investors have recently bought and sold shares of VTLE. First Eagle Investment Management LLC acquired a new stake in Vital Energy during the fourth quarter valued at $7,306,000. Webs Creek Capital Management LP acquired a new stake in Vital Energy during the first quarter valued at $7,619,000. Vanguard Group Inc. boosted its position in Vital Energy by 9.5% during the third quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company’s stock valued at $73,121,000 after purchasing an additional 114,629 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in Vital Energy during the first quarter valued at $5,666,000. Finally, Dimensional Fund Advisors LP boosted its position in Vital Energy by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company’s stock valued at $36,445,000 after purchasing an additional 71,166 shares during the last quarter. 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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Source: defenseworld.net
