Vital Energy (NYSE:VTLE – Free Report) had its price objective increased by Truist Financial from $81.00 to $86.00 in a research note released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.
VTLE has been the subject of several other reports. Raymond James upped their target price on Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. TheStreet cut Vital Energy from a b- rating to a c+ rating in a research note on Thursday, December 14th. Piper Sandler dropped 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. Citigroup initiated coverage on Vital Energy in a research note on Monday, November 20th. They issued a buy rating and a $60.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Vital Energy in a research note on Wednesday, November 15th. They issued an equal weight rating and a $50.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vital Energy has an average rating of Hold and an average target price of $59.78.
Read Our Latest Report on Vital Energy
Vital Energy Stock Up 3.3 %
NYSE VTLE opened at $42.71 on Tuesday. The business has a fifty day moving average price of $43.83 and a two-hundred day moving average price of $49.74. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.42 and a quick ratio of 1.42. Vital Energy has a fifty-two week low of $39.74 and a fifty-two week high of $62.87. The stock has a market capitalization of $1.22 billion, a PE ratio of 1.40 and a beta of 3.23.
Insider Activity at Vital Energy
In related news, Director Lori A. Lancaster acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $45.03 per share, for a total transaction of $45,030.00. Following the completion of the acquisition, the director now directly owns 1,747 shares of the company’s stock, valued at approximately $78,667.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.
Institutional Trading of Vital Energy
A number of large investors have recently bought and sold shares of VTLE. Allspring Global Investments Holdings LLC acquired a new stake in Vital Energy during the 2nd quarter worth about $212,000. Louisiana State Employees Retirement System bought a new position in shares of Vital Energy during the 2nd quarter worth about $442,000. State of Alaska Department of Revenue bought a new position in shares of Vital Energy during the 2nd quarter worth about $552,000. Fifth Third Bancorp bought a new position in shares of Vital Energy during the 2nd quarter worth about $184,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Vital Energy during the 2nd quarter worth about $263,000. 86.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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Source: defenseworld.net
