Bank of America Reiterates Underperform Rating for Vital Energy (NYSE:VTLE)

Vital Energy (NYSE:VTLE)‘s stock had its “underperform” rating reiterated by stock analysts at Bank of America in a research note issued on Friday, Marketbeat Ratings reports. They currently have a $46.00 price target on the stock. Bank of America‘s price objective indicates a potential upside of 10.07% from the company’s previous close.

Several other analysts have also commented on the stock. Truist Financial dropped their price target 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. Stifel Nicolaus raised their price target on shares of Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Wells Fargo & Company dropped their target price on shares of Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th. Finally, KeyCorp lifted their target price on shares of Vital Energy from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.30.

Vital Energy Price Performance

Shares of VTLE opened at $41.79 on Friday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 1.73 and a beta of 3.21. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $50.52 and a two-hundred day moving average of $47.81.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. The business had revenue of $482.34 million during the quarter, compared to analysts’ expectations of $454.97 million. Vital Energy had a net margin of 30.34% and a return on equity of 14.22%. As a group, analysts predict that Vital Energy will post 7.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC raised its holdings in shares of Vital Energy by 100.0% in the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Vital Energy in the fourth quarter worth $33,000. Quadrant Capital Group LLC grew its position in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after purchasing an additional 277 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Vital Energy by 18.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock valued at $97,000 after purchasing an additional 274 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Vital Energy in the third quarter valued at $136,000. 86.54% of the stock is owned by institutional investors and hedge funds.

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.