Truist Financial Raises Vital Energy (NYSE:VTLE) Price Target to $49.00

Vital Energy (NYSE:VTLE) had its price target upped by Truist Financial from $48.00 to $49.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 37.87% from the stock’s current price.

Several other research firms have also recently issued reports on VTLE. Wells Fargo & Company cut their target price on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price objective on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. BMO Capital Markets cut their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, Mizuho cut their price objective on Vital Energy from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $46.18.

Vital Energy Stock Up 0.2 %

VTLE opened at $35.54 on Monday. The company has a market cap of $1.36 billion, a P/E ratio of 2.49 and a beta of 3.16. The business’s 50-day moving average price is $31.37 and its 200-day moving average price is $33.43. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.15. The company had revenue of $459.23 million for the quarter, compared to analysts’ expectations of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. Vital Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $5.16 earnings per share. On average, equities analysts expect that Vital Energy will post 6.93 EPS for the current year.

Hedge Funds Weigh In On Vital Energy

Several large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new position in Vital Energy in the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC raised its holdings in Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock worth $54,000 after acquiring an additional 1,943 shares during the last quarter. Signaturefd LLC raised its holdings in Vital Energy by 234.2% in the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after acquiring an additional 1,630 shares during the last quarter. nVerses Capital LLC raised its holdings in Vital Energy by 94.4% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $94,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Scientech Research LLC purchased a new position in Vital Energy in the 2nd quarter worth approximately $239,000. 86.54% of the stock is currently owned by hedge funds and other 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.