Vital Energy (NYSE:VTLE – Free Report) had its price target hoisted by Truist Financial from $68.00 to $69.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.
Several other research firms have also weighed in on VTLE. Wolfe Research assumed coverage on Vital Energy in a research note on Thursday, July 18th. They issued an underperform rating and a $50.00 price objective on the stock. Wells Fargo & Company cut their price objective on Vital Energy from $54.00 to $50.00 and set an equal weight rating for the company in a report on Monday, July 22nd. Stifel Nicolaus upped their target price on shares of Vital Energy from $70.00 to $75.00 and gave the stock a buy rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a report on Thursday, April 11th. Finally, Bank of America reaffirmed an underperform rating and set a $46.00 price objective on shares of Vital Energy in a report on Friday, June 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Vital Energy currently has an average rating of Hold and an average target price of $57.36.
Read Our Latest Research Report on VTLE
Vital Energy Price Performance
NYSE VTLE opened at $43.60 on Wednesday. The stock has a 50-day simple moving average of $44.76 and a 200 day simple moving average of $47.76. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The stock has a market capitalization of $1.60 billion, a PE ratio of 1.81 and a beta of 3.22. 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 (NYSE:VTLE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. The company had revenue of $482.34 million during 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%. Research analysts anticipate that Vital Energy will post 8.53 EPS for the current year.
Institutional Investors Weigh In On Vital Energy
A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC boosted its stake in shares of Vital Energy by 100.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $81,000 after purchasing an additional 900 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in Vital Energy by 42.0% in the second quarter. Peregrine Capital Management LLC now owns 153,079 shares of the company’s stock valued at $6,861,000 after buying an additional 45,239 shares during the period. Innealta Capital LLC bought a new position in Vital Energy in the second quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Vital Energy by 14.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,610 shares of the company’s stock worth $207,000 after acquiring an additional 574 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Vital Energy by 8.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 243,668 shares of the company’s stock valued at $10,921,000 after acquiring an additional 18,950 shares during 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.
Recommended Stories
Receive News & Ratings for Vital Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vital Energy and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
