Wells Fargo & Company Cuts Vital Energy (NYSE:VTLE) Price Target to $54.00

Vital Energy (NYSE:VTLE) had its price target trimmed by Wells Fargo & Company from $57.00 to $54.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also issued reports on VTLE. Raymond James lifted their price target on shares of Vital Energy from $53.00 to $56.00 and gave the company an outperform rating in a report on Wednesday, January 24th. KeyCorp boosted their target price on shares of Vital Energy from $55.00 to $63.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Truist Financial dropped their price target on Vital Energy from $86.00 to $77.00 and set a buy rating for the company in a research note on Friday, April 5th. Piper Sandler reduced their price objective on Vital Energy from $54.00 to $52.00 and set a neutral rating on the stock in a research report on Friday, April 19th. Finally, Stifel Nicolaus increased their target price on Vital Energy from $70.00 to $75.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $59.50.

Vital Energy Stock Down 0.4 %

Shares of VTLE opened at $48.38 on Tuesday. The firm has a 50 day simple moving average of $52.66 and a two-hundred day simple moving average of $47.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. Vital Energy has a one year low of $40.00 and a one year high of $62.87. The company has a market cap of $1.77 billion, a P/E ratio of 2.00 and a beta of 3.23.

Vital Energy (NYSE:VTLE) last posted its quarterly 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. The company had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. Vital Energy’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.49 EPS. Research analysts forecast that Vital Energy will post 8.54 EPS for the current fiscal year.

Institutional Trading of Vital Energy

Several institutional investors have recently added to or reduced their stakes in VTLE. SkyView Investment Advisors LLC acquired a new position in shares of Vital Energy in the 1st quarter worth approximately $1,018,000. California State Teachers Retirement System boosted its position in Vital Energy by 5.2% during the first quarter. California State Teachers Retirement System now owns 23,062 shares of the company’s stock valued at $1,212,000 after acquiring an additional 1,133 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Vital Energy by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,577 shares of the company’s stock worth $556,000 after acquiring an additional 816 shares in the last quarter. MQS Management LLC acquired a new position in shares of Vital Energy in the 1st quarter valued at about $430,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Vital Energy by 7.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,928 shares of the company’s stock valued at $1,099,000 after purchasing an additional 1,473 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

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.