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

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

VTLE has been the topic of a number of other research reports. Truist Financial dropped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Vital Energy from $48.00 to $51.00 and gave the stock an underweight rating in a research report on Thursday, April 11th. Mizuho boosted their price objective on shares of Vital Energy from $54.00 to $55.00 and gave the company a neutral rating in a research report on Monday, April 15th. Raymond James increased their target price on Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus decreased their price objective on Vital Energy from $86.00 to $70.00 and set a buy rating for the company in a report on Tuesday, January 23rd. 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 MarketBeat, Vital Energy currently has an average rating of Hold and an average target price of $59.40.

Vital Energy Price Performance

Vital Energy stock opened at $54.64 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. The firm has a market capitalization 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 of $51.69 and a 200-day moving average of $48.13. Vital Energy has a 1 year low of $40.00 and a 1 year high of $62.87.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. The firm had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.49 earnings per share. On average, equities analysts anticipate that Vital Energy will post 9.13 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Several large investors have recently modified their holdings of VTLE. PNC Financial Services Group Inc. boosted its position in shares of Vital Energy by 18.5% during the 3rd 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 in the last quarter. Quadrant Capital Group LLC grew its position in shares of Vital Energy by 42.0% during the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after buying an additional 277 shares during the period. ORG Partners LLC increased its stake in shares of 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 acquiring an additional 285 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vital Energy by 39.2% during the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after acquiring an additional 297 shares during the period. Finally, SkyView Investment Advisors LLC boosted its stake in Vital Energy by 3.3% during the third quarter. SkyView Investment Advisors LLC now owns 14,495 shares of the company’s stock worth $804,000 after acquiring an additional 461 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.