Truist Financial Issues Positive Forecast for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its price objective raised by Truist Financial from $48.00 to $49.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently commented on VTLE. Piper Sandler dropped their price objective on Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Wells Fargo & Company dropped their price target on shares of Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. BMO Capital Markets reduced 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 report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Mizuho reduced their target price on shares of Vital Energy from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.09.

Vital Energy Stock Performance

Shares of VTLE opened at $35.40 on Monday. The firm has a market capitalization of $1.35 billion, a PE ratio of 2.48 and a beta of 3.16. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $31.20 and a 200 day moving average price of $33.49. Vital Energy has a 52-week low of $25.85 and a 52-week high of $58.30.

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

Institutional Trading of Vital Energy

A number of hedge funds have recently made changes to their positions in VTLE. First Horizon Advisors Inc. purchased a new position in Vital Energy in the third quarter valued at about $26,000. International Assets Investment Management LLC lifted its holdings in shares of Vital Energy by 2,590.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after buying an additional 1,943 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after buying an additional 1,630 shares during the last quarter. nVerses Capital LLC grew its stake in shares of Vital Energy by 94.4% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $94,000 after buying an additional 1,700 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Vital Energy by 1,878.3% in the third quarter. US Bancorp DE now owns 6,390 shares of the company’s stock worth $172,000 after buying an additional 6,067 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.