Wells Fargo & Company Raises Vital Energy (NYSE:VTLE) Price Target to $57.00

Vital Energy (NYSE:VTLE) had its price target hoisted by equities research analysts at Wells Fargo & Company from $51.00 to $57.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 6.28% from the company’s current price.

Other research analysts have also issued research reports about the stock. Raymond James raised their target price on shares of Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Mizuho raised their target price on shares of Vital Energy from $54.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday. Piper Sandler lifted their price objective on shares of Vital Energy from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Finally, KeyCorp reduced their price objective on shares of Vital Energy from $58.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $58.30.

Vital Energy Stock Down 2.5 %

Shares of NYSE VTLE opened at $53.63 on Thursday. The firm has a market capitalization of $1.97 billion, a PE ratio of 1.63 and a beta of 3.24. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. Vital Energy has a 1 year low of $40.00 and a 1 year high of $62.87. The firm’s 50-day moving average is $50.47 and its 200-day moving average is $47.88.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VTLE. Swiss National Bank acquired a new position in Vital Energy during the second quarter worth $1,648,000. Charles Schwab Investment Management Inc. acquired a new position in Vital Energy during the second quarter worth $8,678,000. Great West Life Assurance Co. Can acquired a new position in shares of Vital Energy in the second quarter valued at $697,000. Osaic Holdings Inc. acquired a new position in shares of Vital Energy in the second quarter valued at $258,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Vital Energy in the second quarter valued at $402,000. 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.