Vital Energy (NYSE:VTLE – Free Report) had its price target cut by Truist Financial from $69.00 to $66.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the stock.
VTLE has been the topic of several other research reports. Piper Sandler cut 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. KeyCorp boosted their price objective on Vital Energy from $55.00 to $63.00 and gave the company an overweight rating in a report on Monday, April 22nd. Wells Fargo & Company cut their price objective on Vital Energy from $54.00 to $50.00 and set an equal weight rating on the stock in a report on Monday, July 22nd. Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They issued an underperform rating and a $50.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on Vital Energy from $70.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Vital Energy has a consensus rating of Hold and an average target price of $57.09.
Read Our Latest Analysis on VTLE
Vital Energy Stock Performance
NYSE VTLE opened at $37.56 on Friday. Vital Energy has a fifty-two week low of $36.53 and a fifty-two week 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 firm has a market capitalization of $1.38 billion, a P/E ratio of 1.56 and a beta of 3.22. The stock’s fifty day moving average is $43.40 and its two-hundred day moving average is $47.62.
Vital Energy (NYSE:VTLE – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. The business had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. During the same quarter in the prior year, the firm earned $4.35 EPS. Vital Energy’s revenue for the quarter was up 42.2% compared to the same quarter last year. On average, research analysts anticipate that Vital Energy will post 8.7 earnings per share for the current year.
Institutional Trading of Vital Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in VTLE. Victory Capital Management Inc. raised its stake in Vital Energy by 800.9% during the 2nd quarter. Victory Capital Management Inc. now owns 541,337 shares of the company’s stock valued at $24,263,000 after acquiring an additional 481,248 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Vital Energy by 19.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after acquiring an additional 282,574 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in Vital Energy during the 4th quarter valued at approximately $7,306,000. Webs Creek Capital Management LP purchased a new stake in Vital Energy during the 1st quarter valued at approximately $7,619,000. Finally, Peregrine Capital Management LLC purchased a new stake in Vital Energy during the 1st quarter valued at approximately $5,666,000. 86.54% of the stock is owned by hedge funds and other institutional investors.
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
