Vital Energy (NYSE:VTLE) Price Target Raised to $36.00 at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its price target increased by Wells Fargo & Company from $34.00 to $36.00 in a research report report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also commented on VTLE. BMO Capital Markets lowered their price objective on shares of Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price objective on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler decreased their target price on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Finally, Truist Financial upped their price target on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.36.

Vital Energy Stock Performance

Shares of VTLE stock opened at $35.98 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $1.37 billion, a P/E ratio of 2.52 and a beta of 3.16. The firm’s 50 day moving average price is $31.62 and its 200-day moving average price is $33.47. Vital Energy has a one year low of $25.85 and a one year high of $58.30.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. During the same period in the previous year, the firm posted $5.16 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that Vital Energy will post 6.91 EPS for the current year.

Institutional Trading of Vital Energy

Several institutional investors have recently modified their holdings of VTLE. Geode Capital Management LLC lifted its position in Vital Energy by 2.9% in the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock valued at $17,031,000 after acquiring an additional 17,782 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Vital Energy in the 2nd quarter valued at about $4,250,000. Raymond James & Associates boosted its position in shares of Vital Energy by 96.8% in the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock valued at $3,905,000 after purchasing an additional 71,385 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Vital Energy by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after purchasing an additional 282,574 shares during the period. Finally, Sei Investments Co. grew its stake in Vital Energy by 52.3% during the 2nd quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock worth $2,964,000 after buying an additional 22,711 shares during the last quarter. 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.