Truist Financial Lowers Vital Energy (NYSE:VTLE) Price Target to $47.00

Vital Energy (NYSE:VTLE) had its target price lowered by equities researchers at Truist Financial from $49.00 to $47.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 63.39% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company increased their price target on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. 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 lifted their price target on shares of Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Mizuho increased their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their target price on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Vital Energy currently has a consensus rating of “Hold” and a consensus price target of $45.70.

Vital Energy Stock Down 6.9 %

Shares of VTLE opened at $28.77 on Friday. The stock’s 50-day moving average price is $32.58 and its two-hundred day moving average price is $31.51. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The company has a market capitalization of $1.10 billion, a PE ratio of -6.06 and a beta of 3.12. The company has a current ratio of 0.78, a quick ratio of 0.67 and a debt-to-equity ratio of 0.91.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.48% and a negative net margin of 8.89%. The business had revenue of $534.37 million for the quarter, compared to analysts’ expectations of $550.90 million. On average, analysts anticipate that Vital Energy will post 8.49 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Vital Energy by 2.9% during 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. Jennison Associates LLC purchased a new stake in shares of Vital Energy during the 4th quarter valued at $750,000. Raymond James & Associates raised its stake in shares of Vital Energy by 96.8% during the 3rd quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock worth $3,905,000 after purchasing an additional 71,385 shares during the period. SG Americas Securities LLC purchased a new position in shares of Vital Energy in the 4th quarter worth about $701,000. Finally, Empowered Funds LLC grew its position in Vital Energy by 5.1% during the fourth quarter. Empowered Funds LLC now owns 192,921 shares of the company’s stock valued at $5,965,000 after buying an additional 9,320 shares during the period. 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.