Truist Financial Increases Vital Energy (NYSE:VTLE) Price Target to $86.00

Vital Energy (NYSE:VTLEGet Free Report) had its price objective boosted by stock analysts at Truist Financial from $81.00 to $86.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 101.36% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Raymond James boosted their price objective on shares of Vital Energy from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Piper Sandler reduced their price objective on shares of Vital Energy from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. KeyCorp reduced their price objective on shares of Vital Energy from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Citigroup initiated coverage on shares of Vital Energy in a research note on Monday, November 20th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Wells Fargo & Company initiated coverage on shares of Vital Energy in a research note on Wednesday, November 15th. They set an “equal weight” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.78.

Get Our Latest Stock Analysis on Vital Energy

Vital Energy Trading Up 3.3 %

NYSE:VTLE opened at $42.71 on Tuesday. Vital Energy has a one year low of $39.74 and a one year high of $62.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $1.22 billion, a P/E ratio of 1.40 and a beta of 3.23. The firm has a 50-day simple moving average of $43.83 and a 200-day simple moving average of $49.74.

Insider Buying and Selling at Vital Energy

In related news, Director Lori A. Lancaster purchased 1,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $45.03 per share, for a total transaction of $45,030.00. Following the purchase, the director now owns 1,747 shares of the company’s stock, valued at approximately $78,667.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Vital Energy

Large investors have recently made changes to their positions in the business. ORG Partners LLC boosted its holdings in shares of Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock valued at $26,000 after acquiring an additional 285 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Vital Energy in the 2nd quarter valued at $27,000. Headlands Technologies LLC purchased a new stake in Vital Energy during the second quarter worth $31,000. BluePath Capital Management LLC purchased a new stake in Vital Energy during the third quarter worth $31,000. Finally, GAMMA Investing LLC purchased a new stake in Vital Energy during the fourth quarter worth $33,000. 86.59% of the stock is owned by hedge funds and other institutional investors.

About Vital Energy

(Get Free Report)

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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Analyst Recommendations for Vital Energy (NYSE:VTLE)

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