Vital Energy, Inc. (NYSE:VTLE) Receives $45.90 Consensus PT from Analysts

Shares of Vital Energy, Inc. (NYSE:VTLE) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $45.90.

Several brokerages have recently weighed in on VTLE. JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Mizuho boosted their price objective on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Piper Sandler boosted their price target on shares of Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Truist Financial raised their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, January 13th.

Vital Energy Trading Up 3.7 %

NYSE:VTLE opened at $34.50 on Friday. The firm has a fifty day simple moving average of $32.21 and a two-hundred day simple moving average of $31.87. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 2.42 and a beta of 3.12.

Hedge Funds Weigh In On Vital Energy

Several hedge funds have recently added to or reduced their stakes in VTLE. The Manufacturers Life Insurance Company lifted its position in Vital Energy by 16.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,987 shares of the company’s stock worth $627,000 after buying an additional 1,959 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Vital Energy by 1.7% in the second quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock valued at $1,447,000 after acquiring an additional 527 shares during the last quarter. Creative Planning raised its holdings in Vital Energy by 454.6% during the third quarter. Creative Planning now owns 29,560 shares of the company’s stock worth $795,000 after acquiring an additional 24,230 shares in the last quarter. nVerses Capital LLC boosted its position in Vital Energy by 94.4% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $94,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Vital Energy by 96.8% in the third 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 in the last quarter. Institutional investors and hedge funds 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.