Vital Energy (NYSE:VTLE) Receives “Buy” Rating from Stifel Nicolaus

Vital Energy (NYSE:VTLE)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research note issued on Thursday, Benzinga reports. They presently have a $122.00 target price on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 118.68% from the stock’s previous close.

Several other brokerages have also commented on VTLE. TheStreet upgraded Vital Energy from a “c” rating to a “b-” rating in a research report on Tuesday, August 8th. Piper Sandler lifted their price objective on shares of Vital Energy from $39.00 to $61.00 and gave the stock a “neutral” rating in a report on Monday, August 14th. Mizuho boosted their price target on shares of Vital Energy from $54.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday, August 16th. Finally, Raymond James lowered their target price on shares of Vital Energy from $68.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy presently has a consensus rating of “Hold” and an average price target of $75.00.

Vital Energy Trading Down 5.4 %

VTLE traded down $3.16 during midday trading on Thursday, hitting $55.79. 595,150 shares of the company were exchanged, compared to its average volume of 648,125. The firm’s 50 day moving average price is $54.16 and its 200-day moving average price is $48.66. Vital Energy has a 1-year low of $39.74 and a 1-year high of $79.92. The firm has a market capitalization of $1.04 billion, a P/E ratio of 1.11 and a beta of 3.36. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.01.

Vital Energy (NYSE:VTLE) last announced its earnings results on Tuesday, August 8th. The company reported $4.35 EPS for the quarter, beating the consensus estimate of $4.07 by $0.28. The business had revenue of $335.06 million for the quarter, compared to analysts’ expectations of $345.19 million. Vital Energy had a return on equity of 24.29% and a net margin of 57.79%. The firm’s revenue was down 40.2% on a year-over-year basis. During the same period in the prior year, the business posted $7.50 earnings per share. As a group, equities analysts forecast that Vital Energy will post 17.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new stake in Vital Energy during the 2nd quarter valued at $184,000. Spartan Fund Management Inc. purchased a new stake in shares of Vital Energy during the second quarter worth about $110,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Vital Energy in the second quarter worth about $212,000. Koss Olinger Consulting LLC bought a new stake in shares of Vital Energy in the second quarter worth about $202,000. Finally, EA Series Trust purchased a new position in Vital Energy during the 2nd quarter valued at about $1,995,000. Hedge funds and other institutional investors own 86.59% of the company’s stock.

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.