Vital Energy (NYSE:VTLE) Price Target Raised to $63.00 at KeyCorp

Vital Energy (NYSE:VTLE) had its price objective hoisted by KeyCorp from $55.00 to $63.00 in a research report released on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on VTLE. Truist Financial lowered their target price on Vital Energy from $86.00 to $77.00 and set a buy rating on the stock in a research report on Friday, April 5th. Raymond James upped their price objective on Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Wells Fargo & Company raised their target price on shares of Vital Energy from $51.00 to $57.00 and gave the company an equal weight rating in a research note on Thursday, April 18th. Stifel Nicolaus dropped their price target on shares of Vital Energy from $86.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Finally, Piper Sandler decreased their price objective on shares of Vital Energy from $54.00 to $52.00 and set a neutral rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vital Energy presently has an average rating of Hold and a consensus target price of $58.90.

Vital Energy Trading Up 1.5 %

NYSE:VTLE opened at $54.57 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The company has a market cap of $2.00 billion, a P/E ratio of 1.66 and a beta of 3.24. The business has a 50 day moving average price of $51.07 and a two-hundred day moving average price of $47.98.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.44 by $0.11. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The business had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. During the same quarter in the prior year, the company posted $3.49 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, analysts expect that Vital Energy will post 9.48 EPS for the current fiscal year.

Institutional Trading of Vital Energy

Several hedge funds and other institutional investors have recently modified their holdings of VTLE. ORG Partners LLC boosted its stake in 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 purchasing an additional 285 shares during the period. BluePath Capital Management LLC bought a new stake in shares of Vital Energy in the third quarter valued at about $31,000. GAMMA Investing LLC acquired a new position in shares of Vital Energy in the fourth quarter valued at about $33,000. Quadrant Capital Group LLC increased its position in Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after acquiring an additional 277 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Vital Energy by 18.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 86.54% 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.