Piper Sandler Has Lowered Expectations for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its price objective lowered by Piper Sandler from $32.00 to $24.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 14.50% from the company’s current price.

VTLE has been the topic of a number of other reports. Mizuho boosted 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, January 14th. JPMorgan Chase & Co. boosted 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. Siebert Williams Shank downgraded shares of Vital Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $62.00 to $27.00 in a research note on Wednesday. Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.27.

Vital Energy Price Performance

NYSE:VTLE opened at $20.96 on Thursday. The firm has a market cap of $799.05 million, a PE ratio of -4.41 and a beta of 3.07. Vital Energy has a 12 month low of $20.61 and a 12 month high of $58.30. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $31.91 and its two-hundred day moving average price is $30.80.

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

Institutional Investors Weigh In On Vital Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Westwood Holdings Group Inc. raised its stake in shares of Vital Energy by 5.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock worth $68,466,000 after buying an additional 118,367 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vital Energy by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company’s stock worth $65,442,000 after buying an additional 62,771 shares during the last quarter. State Street Corp raised its stake in shares of Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after buying an additional 220,871 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Vital Energy by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company’s stock worth $43,157,000 after buying an additional 9,676 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Vital Energy during the fourth quarter worth approximately $39,392,000. 86.54% of the stock is owned by 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.