Vital Energy (NYSE:VTLE) Given New $57.00 Price Target at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its target price raised by Wells Fargo & Company from $51.00 to $57.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

VTLE has been the subject of several other reports. Mizuho upped their price objective on shares of Vital Energy from $54.00 to $55.00 and gave the stock a neutral rating in a report on Monday. KeyCorp reduced their target price on shares of Vital Energy from $58.00 to $55.00 and set an overweight rating on the stock in a research report on Thursday, January 11th. Piper Sandler upped their target price on shares of Vital Energy from $50.00 to $54.00 and gave the stock a neutral rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research report on Thursday, April 11th. Finally, Truist Financial reduced their target price on shares of Vital Energy from $86.00 to $77.00 and set a buy rating on the stock in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vital Energy currently has a consensus rating of Hold and an average price target of $58.30.

Vital Energy Trading Down 0.7 %

NYSE:VTLE opened at $53.26 on Thursday. The company has a fifty day moving average of $50.66 and a 200 day moving average of $47.92. Vital Energy has a 52 week low of $40.00 and a 52 week high of $62.87. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.95 billion, a P/E ratio of 1.62 and a beta of 3.24.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The company had revenue of $444.52 million during the quarter, compared to analyst estimates of $440.85 million. During the same period in the prior year, the business posted $3.49 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, research analysts predict that Vital Energy will post 9.48 earnings per share for the current year.

Institutional Trading of Vital Energy

Institutional investors have recently made changes to their positions in the stock. Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Vital Energy by 62.4% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock valued at $8,217,000 after acquiring an additional 69,398 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Vital Energy during the 4th quarter valued at about $2,432,000. Moody National Bank Trust Division lifted its stake in shares of Vital Energy by 250.0% in the 4th quarter. Moody National Bank Trust Division now owns 35,000 shares of the company’s stock worth $1,592,000 after purchasing an additional 25,000 shares during the period. UBS Group AG lifted its stake in shares of Vital Energy by 12.8% in the 3rd quarter. UBS Group AG now owns 147,082 shares of the company’s stock worth $8,151,000 after purchasing an additional 16,671 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Vital Energy in the 3rd quarter worth approximately $1,164,000. Hedge funds and other 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.