Vital Energy, Inc. (NYSE:VTLE) Receives $46.00 Consensus Target Price from Brokerages

Shares of Vital Energy, Inc. (NYSE:VTLE) have been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $46.36.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler dropped their price target on shares of Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Mizuho lifted their price target on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of Vital Energy by 0.9% in the third quarter. Principal Financial Group Inc. now owns 127,271 shares of the company’s stock valued at $3,424,000 after purchasing an additional 1,089 shares in the last quarter. Franklin Resources Inc. lifted its stake in Vital Energy by 6.4% in the third quarter. Franklin Resources Inc. now owns 12,662 shares of the company’s stock worth $363,000 after acquiring an additional 758 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in Vital Energy by 4.6% in the third quarter. SkyView Investment Advisors LLC now owns 21,641 shares of the company’s stock worth $582,000 after acquiring an additional 951 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vital Energy by 2.9% in the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after acquiring an additional 17,782 shares during the last quarter. Finally, Barclays PLC lifted its stake in Vital Energy by 124.0% in the third quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after acquiring an additional 187,503 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vital Energy Price Performance

Vital Energy stock opened at $36.00 on Monday. Vital Energy has a 12-month low of $25.85 and a 12-month high of $58.30. The stock has a market cap of $1.37 billion, a P/E ratio of 2.52 and a beta of 3.16. The company has a 50-day moving average price of $31.37 and a 200 day moving average price of $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 (NYSE:VTLE) last released its quarterly earnings data 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. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. The firm had revenue of $459.23 million during the quarter, compared to analysts’ expectations of $461.58 million. During the same period last year, the business earned $5.16 earnings per share. Vital Energy’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Vital Energy will post 6.93 earnings per share for the current year.

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.