Vital Energy (NYSE:VTLE) Price Target Raised to $32.00

Vital Energy (NYSE:VTLE) had its price target hoisted by Piper Sandler from $27.00 to $32.00 in a research report report published on Wednesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. BMO Capital Markets cut their target price on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Truist Financial increased their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Mizuho increased their price target on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Vital Energy has an average rating of “Hold” and an average price target of $45.90.

Vital Energy Price Performance

NYSE:VTLE opened at $31.86 on Wednesday. Vital Energy has a 52 week low of $25.85 and a 52 week high of $58.30. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50-day simple moving average is $32.22 and its 200 day simple moving average is $32.65. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 2.23 and a beta of 3.16.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same quarter in the prior year, the business posted $5.16 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Vital Energy will post 7.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in Vital Energy in the 3rd quarter worth about $26,000. Nisa Investment Advisors LLC grew its holdings in shares of Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock worth $34,000 after purchasing an additional 803 shares during the last quarter. R Squared Ltd acquired a new position in shares of Vital Energy in the fourth quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB raised its holdings in Vital Energy by 247.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,553 shares of the company’s stock valued at $48,000 after buying an additional 1,106 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after buying an additional 1,943 shares during the period. 86.54% of the stock is currently owned by institutional investors.

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.