Vital Energy (NYSE:VTLE – Get Free Report)‘s stock had its “underperform” rating restated by investment analysts at Bank of America in a research report issued to clients and investors on Friday, Briefing.com reports.
Several other equities research analysts also recently issued reports on the company. KeyCorp lifted their price objective on Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Wells Fargo & Company dropped their price objective on Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 14th. Piper Sandler dropped their price objective on Vital Energy from $54.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Stifel Nicolaus boosted their price target on Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Mizuho boosted their price target on Vital Energy from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.50.
Get Our Latest Stock Report on Vital Energy
Vital Energy Stock Performance
Vital Energy stock opened at $43.01 on Friday. The stock’s 50 day moving average price is $50.82 and its 200 day moving average price is $47.81. The firm has a market capitalization of $1.58 billion, a PE ratio of 1.78 and a beta of 3.21. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. Vital Energy has a one year low of $40.00 and a one year high of $62.87.
Vital Energy (NYSE:VTLE – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.78 by $0.13. The firm had revenue of $482.34 million for the quarter, compared to analyst estimates of $454.97 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. As a group, sell-side analysts expect that Vital Energy will post 7.89 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in VTLE. PNC Financial Services Group Inc. lifted its holdings in shares of Vital Energy by 18.5% in the third 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 during the period. Quadrant Capital Group LLC lifted its holdings in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after buying an additional 277 shares during the period. ORG Partners LLC lifted its holdings in shares of Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after buying an additional 285 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Vital Energy by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after buying an additional 297 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Vital Energy by 7.3% in the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after buying an additional 324 shares during the period. 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
