Vital Energy (NYSE:VTLE) PT Raised to $55.00

Vital Energy (NYSE:VTLE) had its target price hoisted by Mizuho from $54.00 to $55.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on the company. KeyCorp decreased their target price on Vital Energy from $58.00 to $55.00 and set an overweight rating on the stock in a report on Thursday, January 11th. Truist Financial decreased their target price on Vital Energy from $86.00 to $77.00 and set a buy rating on the stock in a report on Friday, April 5th. Stifel Nicolaus decreased their target price on Vital Energy from $86.00 to $70.00 and set a buy rating on the stock in a report on Tuesday, January 23rd. Piper Sandler raised their target price on Vital Energy from $50.00 to $54.00 and gave the stock a neutral rating in a report on Thursday, March 7th. Finally, Raymond James increased their price target on Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Vital Energy presently has an average rating of Hold and an average target price of $57.60.

Vital Energy Price Performance

NYSE VTLE opened at $53.63 on Monday. The business’s fifty day moving average price is $50.47 and its 200-day moving average price is $47.88. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 1.63 and a beta of 3.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. Vital Energy has a 1-year low of $40.00 and a 1-year high of $62.87.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company had revenue of $444.52 million for the quarter, compared to analysts’ expectations of $440.85 million. During the same period last year, the firm earned $3.49 EPS. Vital Energy’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts predict that Vital Energy will post 9.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTLE. ORG Partners LLC grew its position in 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 in the last quarter. BluePath Capital Management LLC bought a new stake in Vital Energy in the third quarter worth about $31,000. GAMMA Investing LLC bought a new stake in Vital Energy in the fourth quarter worth about $33,000. Quadrant Capital Group LLC lifted its stake in Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after purchasing an additional 277 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Vital Energy in the second quarter worth about $58,000. 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.