Vital Energy, Inc. (NYSE:VTLE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Vital Energy, Inc. (NYSE:VTLE) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $59.30.

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research report on Thursday, April 11th. Wells Fargo & Company lowered their target price on Vital Energy from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 14th. Truist Financial lowered 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. Stifel Nicolaus lifted their price target on Vital Energy from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Bank of America reiterated an “underperform” rating and set a $46.00 price target on shares of Vital Energy in a research report on Friday, June 14th.

Vital Energy Trading Down 1.5 %

NYSE:VTLE opened at $42.82 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50-day simple moving average is $48.44 and its 200 day simple moving average is $47.76. Vital Energy has a one year low of $40.00 and a one year high of $62.87. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 1.77 and a beta of 3.21.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, May 8th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The company had revenue of $482.34 million for the quarter, compared to the consensus estimate of $454.97 million. As a group, sell-side analysts predict that Vital Energy will post 7.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Vital Energy by 18.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company’s stock worth $97,000 after buying an additional 274 shares in the last quarter. Quadrant Capital Group LLC grew its position in Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock worth $43,000 after buying an additional 277 shares in the last quarter. ORG Partners LLC grew its position in Vital Energy by 100.0% during the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after buying an additional 285 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Vital Energy by 39.2% during the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Vital Energy by 7.3% during the first quarter. ProShare Advisors LLC now owns 4,740 shares of the company’s stock valued at $249,000 after purchasing an additional 324 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.